04 Jan 2021
On January 4th, 2021, The U.S. Treasury Department, The Office of Foreign Assets Control (OFAC), announced that an Union de Banques Arabes et
01 Jan 2021
On January 1st, 2021, Congress passed the 2021 National Defense Authorization Act (NDAA), which includes significant reforms to the United States
28 Dec 2020
On December 28, 2020, Switzerland’s Federal Ministry of Justice announced that the United States (U.S) will receive $150 million from previously
19 Oct 2020
On October 19th, 2020, The Financial Crimes Enforcement Network (FinCEN) assessed first civil money penalty of $60 Million against Bitcoin
15 Oct 2020
On October 15, 2020, “A federal grand jury in San Francisco, California, indicted Robert T. Brockman, the Chief Executive Officer of an
21 Sep 2020
On September 20, 2020, the FinCEN Leaked Files were globally publicized. “Leaked documents involving about $2tn of transactions revealed how some
04 May 2020
May 4, 2020, the Financial Action Task Force (FATF) issued a paper on “COVID-19 related Money Laundering and Terrorist Financing Risks and
04 Mar 2020
On March 4, 2020, the Financial Crimes Enforcement Network (FinCEN) fined Michael LaFontaine, former Chief Operational Risk Officer at U.S. Bank
07 Sep 2019
On September 7 2019, ECCB, in consultation with the ECCB Monetary Council, approved the application for the transfer of assets and liabilities of
02 May 2019
On May 2, 2019, the US Department of the Treasury, Office of Foreign Assets Control (OFAC) published “A Framework for OFAC Compliance