Inside
· AML Regulatory Updates
· AML Regulatory Findings & Fines
· Monthly Sanctions Update
· AI Driven Automated SAR Narrative
AML Regulatory Updates
Below are the major global AML regulatory updates from December 2024
- US appeals court halts enforcement of anti-money laundering law (28 December) Read More
- US: Justice Department Issues Final Rule Addressing Threat Posed by Foreign Adversaries’ Access to Americans’ Sensitive Personal Data (27 December) Read More
- UAE, Italy sign MoU to strengthen cooperation against financial crimes (27 December) Read More
- Turkey: Stricter Crypto Regulations Announced in Turkey Ahead of 2025 Implementation (25 December) Read More
- Canada’s anti-money laundering agency plans scorecard to improve monitoring, sources say (20 December) Read More
- France: Combating money laundering and terrorist financing: the AMF applies the guidelines issued by the European Banking Authority regarding certain transfers of crypto-assets (19 December) Read More
- FATF: Oman’s measures to combat money laundering and terrorist financing (19 December) Read More
- US: FinCEN Warns of Fraud Schemes That Abuse Its Name, Insignia, and Authorities for Financial Gain (18 December) Read More
- EU: MEPs approve Bruna Szego as Chair of the EU Anti-Money Laundering Authority (18 December) Read More
- FATF: Argentina’s measures to combat money laundering and terrorist financing (18 December) Read More
- Australia: AML/CTF Amendment Bill announcement (12 December) Read More
- CoE: Georgia strengthened risk assessment and regulation of virtual assets service providers, further progress needed (11 December) Read More
- US: FinCEN Invites Nominations for Membership on the Bank Secrecy Act Advisory Group (5 December) Read More
- Singapore: Joint Advisory on Rise in Government Official Impersonation Scam Variant Featuring Impersonation of Banks (1 December) Read More
AML Regulatory Findings & Fines
Below are the major AML findings & fines imposed by regulators in December 2024.
- US: Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and SkyGeek Logistics, Inc. (31 December) Read More
- US: Treasury Sanctions Entities in Iran and Russia That Attempted to Interfere in the U.S. 2024 Election (31 December) Read More
- US: Participants in “Tech Support” Scheme Charged with Conspiracy to Launder Fraudulent Proceeds (30 December) Read More
- Dubai: Fake Licence Used in Scam Impersonating The DFSA (30 December) Read More
- US: FDIC Makes Public November Enforcement Actions (27 December) Read More, Orders
- CBW Bank – Assessment of Civil Money Penalty
- SouthEast Bank – Cease and Desist / Consent Order
- US: Two New York Men Indicted For Wire Fraud Scheme (27 December) Read More
- Bosnia: Bosnia’s security minister arrested over alleged graft (27 December) Read More
- Japan: Aeon Bank receives business improvement order for inadequate anti-money laundering measures (27 December) Read More
- US: Former general manager of Anchorage business charged with wire fraud, tax evasion (26 December) Read More
- US: Ohio Man Sentenced to Prison for Unemployment Insurance and Bank Fraud (26 December) Read More
- India: RBI imposes monetary penalty on Swami Vivekanand Sahakari Bank Niyamit, Nidagundi, Karnataka (26 December) Read More
- India: RBI imposes monetary penalty on Manjra Mahila Urban Co-operative Bank Limited, Bidar, Karnataka (26 December) Read More
- US: OCC issues Cease and Desist order against Bank of America, National Association (23 December) Read More
- US: Sartell Woman Pleads Guilty in Bank Fraud Case (23 December) Read More
- US: Chief Science Officer of Publicly Traded Health Care Company Charged for Insider Trading Scheme Utilizing 10b5-1 Trading Plans (23 December) Read More
- Bangladesh: ACC begins probe against Hasina, Joy over $300m laundering (22 December) Read More
- US: Deutsche Bank Subsidiary to Pay $4 Million for Untimely Filing Certain Suspicious Activity Reports (20 December) Read More
- US: AAR CORP to Pay Over $55M To Resolve Foreign Corrupt Practices Act Investigation (19 December) Read More
- US: Order Terminating the Cease and Desist Order against Lake Shore Savings Bank, Dunkirk, New York (19 December) Read More
- Abu Dhabi: The FSRA of ADGM Imposes a financial penalty of USD 504,000 on Aarna Capital Limited (19 December) Read More
- US: OCC Issues Comprehensive Cease and Desist Order Against USAA Federal Savings Bank (18 December) Read More
- US: Settlement Agreements between the U.S. Department of the Treasury’s Office of Foreign Assets Control and an Individual, and with Cordoba Music Group LLC (18 December) Read More
- UK: FCA charges John Dance with offences related to WealthTek (18 December) Read More
- Netherlands: Dutch prosecutors drop criminal cases against former ING, ABN executives (18 December) Read More
- US: Treasury Disrupts North Korean Digital Assets Money Laundering Network (17 December) Read More
- France: The AMF Enforcement Committee imposes fines totalling €4,150,000 on four legal entities and three natural persons for disseminating false or misleading information, and price manipulation (17 December) Read More
- Dubai: Clarification of regulatory status of Enxutto and scam alert (17 December) Read More
- Dubai: Fake email impersonating the DFSA and its Chief Operating Officer (16 December) Read More
- Dubai: Nasdaq Dubai Limited impersonated in scam (16 December) Read More
- Australia: AUSTRAC takes Ladbrokes and Neds’ operator – Entain – to Federal Court over serious non-compliance with Australia’s money laundering laws (16 December) Read More
- US: C.H. Robinson International Inc. Settles with OFAC for $257,690 Related to Apparent Violations of the Iranian Transactions and Sanctions Regulations and the Cuban Assets Control Regulations (13 December) Read More
- Dubai: DFSA and Central Bank of the UAE logos used in a fraudulent scam (12 December) Read More
- India: RBI imposes monetary penalty on The Pondicherry Co-operative Urban Bank Ltd., Puducherry (12 December) Read More
- India: RBI imposes monetary penalty on Mandya City Co-operative Bank Ltd., Mandya, Karnataka (12 December) Read More
- US: Businessman Indicted for Manipulating Five Publicly Traded Companies and Defrauding Investors of Over $200M (11 December) Read More
- US: TD Bank Insider Arrested and Charged with Facilitating Money Laundering (11 December) Read More
- Sweden: Klarna Bank fined $46 mln for breaking anti-money laundering rules (11 December) Read More
- Dubai: DFSA and Authorised Firm impersonated in scam (11 December) Read More
- New Zealand: Christchurch Casino facing legal action over alleged anti-money laundering law breaches (10 December) Read More
- US: Telemarketer Sentenced for $67M Health Care Fraud and Money Laundering Scheme (6 December) Read More
- Hong Kong: Monetary Authority takes disciplinary action against China CITIC Bank International Limited for contraventions of Anti-Money Laundering and Counter-Terrorist Financing Ordinance (6 December) Read More
- UK: Operation Destabilise: NCA disrupts $multi-billion Russian money laundering networks with links to, drugs, ransomware and espionage, resulting in 84 arrests (5 December) Read More
- Jersey: Jersey police help expose money laundering network (5 December) Read More
- India: RBI imposes monetary penalty on The Bapatla Co-operative Urban Bank Ltd., Andhra Pradesh (5 December) Read More
- US: Treasury Exposes Money Laundering Network Using Digital Assets to Evade Sanctions (4 December) Read More
- US: Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Aiotec GmbH (3 December) Read More
- Canada: FINTRAC imposes an administrative monetary penalty on Exchange Bank of Canada (1 December) Read More, Order
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 December 2024:
Overview of Changes
1. New Entries Added: 1,365
2. Entries Removed: 228
3. Major Updates: 386
4. Minor Updates: 67
For detailed insights and the full list of updates, view our Reports.
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