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The AMLA 2020 includes sweeping reforms updating and modernizing U.S. anti-money laundering laws, many of which have implications beyond financial institutions regulated under the Bank Secrecy Act.

This week, the U.S. Department of Justice (DOJ) announced the extradition of suspected cryptocurrency money launderer Denis Mihaqlovic Dubnikov from the Netherlands.

On February 20, 2017, the ESAs published a joint Opinion on the risks of money laundering and terrorist financing affecting the EU's financial sector.

On February 15, 2017, Transparency International ("TI") published the above report, recommending that national authorities engage to a greater level in making public disclosure of their countries' "AML"...

An Ecuadorian businessman settled DOJ charges of bribing then-public officials of Ecuadorian state-owned oil company Empresa Pública de Hidrocarburos del Ecuador.

The American business landscape is undergoing significant changes with the implementation of the Corporate Transparency Act (CTA).

The Financial Crimes Enforcement Network (FinCEN) proposed to amend the Bank Secrecy Act's (BSA) definition of "Broker or Dealer in Securities" to include funding portals...

On 13 May 2024, the Securities and Exchange Commission (SEC) and the Department of the US Treasury Department's Financial Crimes Enforcement Network (FinCEN) jointly proposed rulemaking...

A former official of the Venezuelan state-owned oil company Petróleos de Venezuela, S.A.("PDVSA") pleaded guilty to participating in a money laundering scheme involving bribes paid...

Today's episode features a discussion of the new whistleblower provisions in the Anti-Money Laundering Act of 2020. We'll discuss the types of businesses covered...

FINRA recently took formal disciplinary action against a New York-based broker-dealer that is affiliated with a Mexican broker-dealer and with a Mexican bank for inadequate anti-money laundering systems and procedures.

FinCEN published in the Federal Register an advance notice of proposed rulemaking on additional Bank Secrecy Act information collection and reporting requirements applicable to cash-based real estate transactions.

The FDIC and FinCEN will open registration for interested individuals to participate in a "Tech Sprint Program" to focus on developing solutions "for financial institutions and regulators to help measure the effectiveness of digital identity proofing."

FINRA advised firms to consider how the priorities match up with their risk-based AML programs.

FINRA reached a settlement with Raymond James & Associates, Inc., Raymond James Financial Services, Inc., pursuant to which RJA and RJFS agreed to pay $17 million in fines...

According to Lawsky, states like New York must play a "catalytic" role in improving national and international cybersecurity practices.

In a newly published 2019 fiscal year operating plan, the Office of the Comptroller of the Currency's ("OCC") Committee on Bank Supervision set out ...

Recent enforcement trends suggest that financial institutions now face more regulatory scrutiny in connection with alleged BSA and AML violations.