Investment advisers would have to implement risk-based AML/CFT programmes and report suspicious activity to FinCEN.
February 15, 2024Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.
January 15, 2024SAR filings reveal that a network of China- and Hong Kong-based entities may be providing support to Russia’s military and/or defense industrial base.
September 12, 2023FinCEN provides red flags to help in the identification of pig butchering activity so that FIs can report this activity and enable law enforcement to track down the perpetrators.
September 11, 2023The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.
August 10, 2023Merrill Lynch did not file hundreds of mandatory SARs because it erroneously used a $25,000 threshold instead of the required $5,000 threshold.
July 13, 2023Roundtable participants said there is often little attention being paid to money laundering risks by capital market practitioners in Australia.
May 5, 2023The ‘Federal Authority for Fighting Financial Crime" will absorb the functions of the FIU and also be responsible for enforcing international sanctions.
April 3, 2023The settlement includes a $50mn penalty and a commitment by Coinbase to invest a further $50mn in its compliance programme over the next two years.
January 5, 2023The German FIU was sitting on more than 100,000 unprocessed SARs which it did not disclose to the FATF during its mutual evaluation.
December 23, 2022