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FCA fines Barclays £42 Million

July 16, 2025ComplianceAid proNews

On July 16, 2025, the United Kingdom (UK), Financial Conduct Authority (FCA) fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42 million for separate instances of failings in its financial crime risk management. To Access full article: Click here

The European Union Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) Expects High Standards Against Financial Crime in Cryptocurrency Sector

July 15, 2025ComplianceAid proNews

July 15, 2025, “With the launch of its powers and responsibilities on 1 July 2025, AMLA expects firms engaging in crypto asset activities to have in place strong protections against money laundering and terrorist financing.” To Access full article: Click here

The Office of Foreign Assets Control (OFAC) fines Interactive Brokers LLC $11.8Million for Sanctions Violation

July 15, 2025ComplianceAid proNews

On July 15, 2025, “The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced an $11,832,136 settlement with Interactive Brokers LLC (IB). IB agreed to settle its potential civil liability for apparent violations of several OFAC sanctions programs that arose from IB’s provision of brokerage and investment services to persons in...

OFAC fines Harman Industries $1.4Millon for U.S. Sanctions Violation

July 8, 2025ComplianceAid proNews

On July 8, 2025, “The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $1,454,145 settlement with Harman International Industries, Inc. Harman agreed to settle its potential civil liability for 11 apparent violations of OFAC sanctions on Iran. Over a period of more than two years, overseas employees of a...

FATF Released a Comprehensive Update on Terrorist Financing Risks

July 8, 2025ComplianceAid proNews

On July 8, 2025, The Financial Action Task Force (FATF) released an updated reporton Terrorist Financing Risks. To Access FATF Update on TFR: Click here

FATF Issued a Report on the Complex Proliferation Financing and Sanctions Evasion Schemes

June 20, 2025ComplianceAid proNews

June 20, 2025, The Financial Action Task Force (FATF), published a report on the Complex Proliferation Financing and Sanctions Evasion Schemes. To Access full report: Click here

FATF Jurisdictions under Increased Monitoring

June 13, 2025ComplianceAid proNews

On the 13 June 2025, FATF released the report on Jurisdictions under Increased Monitoring. To Access full article: Click here

OFAC fines GVA Capital $215 Million for Sanctions Violation

June 12, 2025ComplianceAid proNews

June 12, 2025, The Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury assessed a $215,988,868 civil monetary penalty against GVA Capital Ltd. of San Francisco, California for violations of OFAC's sanctions against Russia and for related reporting obligations. To Access full article: Click here

FinCEN Removes BOR Requirements for U.S Companies & U.S Persons – New Deadlines for Foreign Companies

March 21, 2025ComplianceAid proNews

On March 21, 2025, "Consistent with the U.S. Department of the Treasury’s March 2, 2025, announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act." To Access full article:...

FATF Makes Changes to Standards

February 25, 2025ComplianceAid proNews

On February 25, 2025, The Financial Action Task Force (FATF) updated its Standards. To Access updated FATF Recommendations: Click here

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