ACAMS ml.com

The U.K. Financial Conduct Authority, or FCA, has opened an investigation into Market Financial Solutions, a mortgage provider at the center of a suspected fraud scheme. acams.org/en/news/london… ($)

BREAKING NEWS: US Senator Accuses DOJ of Obstructing Epstein Money Laundering Probe acams.org/en/news/breaki… Pic by Gage Skidmore.

The Treasury Department's Office of Foreign Assets Control fined a brokerage in Florida more than $1 million Tuesday for servings customers in Iran, Syria and Russian-occupied Crimea. acams.org/en/news/human-… ($)

The EU's AMLA has quietly introduced a common feature of anti-fraud controls into the AML space in a proposal for implementing a key provision of a bloc-wide, uniform regulation against illicit finance. acams.org/en/news/amla-w… Pic by Dr. Thomas Liptak. creativecommons.org/licenses/by-sa…

Bank of America has agreed "in principle" to settle with a plaintiff known as "Jane Doe" who accused the lender in October of knowingly profiting from Epstein’s sex trafficking and ignoring potentially illicit transactions linked to him. acams.org/en/news/boa-ne… ($)

$80 million in penalties against Canaccord Genuity Group's subsidiary underscores that securities firms remain responsible for vetting customers & detecting suspicious activity, even when transactions pass through clearing partners or partner banks. acams.org/en/news/broker… ($)

Midweek Roundup: DOJ Investigates Binance, Halkbank Nears Settlement, and More acams.org/en/news/midwee… ($)

U.S. officials urged Congress Monday to "codify" which participants in the decentralized-finance ecosystem, if any, must build anti-money laundering programs under the Bank Secrecy Act. acams.org/en/news/treasu… ($) Pic by David Ohmer. creativecommons.org/licenses/by/2.…

The National Bank of Belgium plans to more often name and shame banks and other companies caught failing to comply with anti-money laundering regulations, reversing a longstanding policy that drew criticism from the Financial Action Task Force last year. acams.org/en/news/belgiu…

U.K. officials unveiled plans to tackle fraud "at source," including via closer cooperation between investigators, telecom providers and online heavyweights such as Meta and Google, and a new, Online Crime Center. acams.org/en/news/britai… Pic by Canley. creativecommons.org/licenses/by-sa…

Weekly Roundup: FinCEN Dings Broker-Dealer, Binance Eyes Return to Britain, and More acams.org/en/news/weekly… ($)

BREAKING NEWS: FinCEN Imposes Record AML Penalty Against Broker-Dealer Read in front of the paywall: acams.org/en/news/breaki…

A state-chartered virtual asset service provider has become the first to obtain a master account from the Federal Reserve, placing the company's ability and intent to adhere to regulations under a spotlight. acams.org/en/news/wyomin… ($)

Spain Dismantles €5 Million Laundering Ring Exploiting Displaced Ukrainian Women acams.org/en/news/spain-… ($)

Switzerland's MBaer Merchant Bank has entered liquidation a day after U.S. officials proposed to blacklist the Zurich-headquartered private lender as a conduit for hundreds of millions of dollars of illicit funds, Swiss regulators disclosed Friday. acams.org/en/news/swiss-…

Federal regulators refused to rule out requiring banks to check the citizenship status of their clients. acams.org/en/news/us-reg… ($)

Midweek Roundup: US Deportation Campaign Could Ensnare Banks, Senator Promises Binance Investigation, and More acams.org/en/news/midwee… ($)

A judge in NY has drawn a clear line between participating in an illegal venture & providing "routine" services in dismissing all claims against Bank of New York Mellon in a lawsuit tied to Jeffrey Epstein while allowing those against BofA to proceed. acams.org/en/news/banks-…

BREAKING NEWS: FinCEN Rescinds 'Golden Passport' Warning Read in front of the paywall: acams.org/en/news/breaki…

Latvia managed to leave its poor historical record against illicit finance behind since 2018 thanks to the buy-in of senior politicians and elevation of the national FIU to a more prominent role, the head of the agency told @ACAMS_ml_com. acams.org/en/news/latvia… ($)