Inside
· AML Regulatory Updates
· AML Regulatory Findings & Fines
· Monthly Sanctions Update
· Achieve Flawless Compliance
AML Regulatory Updates
Below are the major global AML regulatory updates from August 2024
- Singapore’s MAS publishes Notice CMG-N01 on Reporting of Suspicious Activities and Incidents of Fraud (20 August) Read More
- UAE Government amends some provisions of law on Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations (11 Aug) Read More
- Global watchdog calls on India to boost bank scrutiny for politicians, say sources (10 Aug) Read More
- DOJ’s Criminal Division Unveils Corporate Whistleblower Awards Pilot Program (1 August) Read More
AML Regulatory Findings & Fines
Below are the major AML findings & fines imposed by regulators in August 2024.
- Federal Reserve Board issues enforcement actions with United Texas Bank (29 August) Read More
- New York State Department of Financial Services Issues Consent Order to Nordea Bank Abp (27 August) Read More
- French authorities arrest Telegram CEO Pavel Durov at a Paris airport, French media report (26 August) Read More
- Office of the Comptroller of the Currency issued a formal agreement with a $158MM asset bank in Pennsylvania (20 August) Read More
- US Treasury Sanctions Former Haitian President for Drug Trafficking (20 August) Read More
- PwC fined £15 million for failing to alert the FCA to suspected fraudulent activity at London Capital & Finance plc (16 August) Read More
- Resorts World facing millions in fines for allegedly violating anti-money laundering laws (15 August) Read More
- Singapore Charges Ex-Citi, Julius Baer Bankers in Money Laundering Case (15 August) Read More
- US Treasury Adds Further Sanctions Targeting Houthi and Hizballah Trade Networks (15 August) Read More
- Banque Havilland fined €5m amid turmoil (13 August) Read More
- SEC Charges OTC Link LLC with Failing to File Suspicious Activity Reports (12 August) Read More
- Irish Authorities Seize $7.1M in Cryptocurrency Amid Darknet Money Laundering Bust (9 August) Read More
- US Treasury Tightens Sanctions on Belarus’s Military Support to Russia and Lukashenka Regime (9 August) Read More
- Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank (8 August) Read More
- Former Finance Minister of Mozambique Convicted of Fraud and Money Laundering in $2 Billion Scheme (8 August) Read More
- US Treasury Designates Tobacco Company for Supporting Paraguay’s Sanctioned Former President (6 August) Read More
- Hong Kong’s AIA Group to pay $3 million penalty for anti-money laundering lapses (2 August) Read More | Statement of Disciplinary Action
- Wells Fargo faces government probe on anti-money laundering, sanctions (2 August) Read More
- UAE Central Bank fines lender $1.6 million for breaching anti-money laundering law (2 August) Read More
- P2P lender founder receives 16.5 years for NT$8.3 billion fraud (1 August) Read More
Monthly Sanctions Update
In our continuous effort to keep you informed and ahead in navigating the complex landscape of global sanctions, we’re bringing you the latest comprehensive update. Here’s a quick summary of the significant changes that have taken place in August 2024:
Overview of Changes
1. New Entries Added: 1,830
2. Entries Removed: 120
3. Major Updates: 270
4. Minor Updates: 61
For detailed insights and the full list of updates, view our Reports.
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