Emmanuel Nunez - ComplianceAid Website

The Office of Foreign Assets Control (OFAC) fines Exodus Movement $3.1 Million

March 6, 2026Emmanuel NunezNews

On December 16th, 2025, “The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $3,103,360 settlement with Exodus Movement, Inc. ("Exodus") to settle its potential civil liability for 254 apparent violations of OFAC’s sanctions.” To Access full article: Click here

FATF Issues New Paper on Cyber Enabled Fraud

March 6, 2026Emmanuel NunezNews

On February 24th, 2026, The Financial Action Task Force (FATF) published a paper examining the evolving threat of cyber-enabled fraud and how jurisdictions can harness the FATF Standards to combat it. Cyber-enabled fraud is now one of the most widespread and damaging profit-motivated forms of crime, generating large volumes of illicit proceeds through the exploitation...

FinCEN Updates: FinCEN Rescinded the Advisory on the Abuse of the Citizenship-by-Investment Program Sponsored by the Federation of St. Kitts and Nevis

February 24, 2026Emmanuel NunezNews

Today, February 24, 2026, “FinCEN, in consultation with the U.S. Department of State, rescinded its Advisory on the Abuse of the Citizenship-by-Investment Program Sponsored by the Federation of St. Kitts and Nevis, issued May 20, 2014. FinCEN issued the Advisory in response to certain foreign individuals abusing the Federation of St. Kitts and Nevis’ (SKN)...

OFAC reached $1,7 Million settlement with IMG Academy

February 12, 2026Emmanuel NunezNews

February 12, 2026, “The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced a $1,720,000 settlement with IMG Academy, LLC to settle its potential civil liability for 89 apparent violations of OFAC counternarcotics sanctions.” To Access full article: Click here

FinCEN Assesses $3.5 Million Penalty on Paxful for Facilitating Suspicious Activity Involving Illicit Actors

December 9, 2025Emmanuel NunezNews

On December 9th, 2025, The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $3,500,000 civil money penalty against Paxful, Inc. and Paxful USA, Inc. for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering law that safeguards the financial system from illicit use. To Access full article:...

The Office of Foreign Assets Control (OFAC) fines Exodus Movement $3.1 Million

FATF Issues New Paper on Cyber Enabled Fraud

FinCEN Updates: FinCEN Rescinded the Advisory on the Abuse of the Citizenship-by-Investment Program Sponsored by the Federation of St. Kitts and Nevis

OFAC reached $1,7 Million settlement with IMG Academy

FinCEN Assesses $3.5 Million Penalty on Paxful for Facilitating Suspicious Activity Involving Illicit Actors

ComplianceAid BSA AML Services LLC

Newsletter

By

The Office of Foreign Assets Control (OFAC) fines Exodus Movement $3.1 Million

FATF Issues New Paper on Cyber Enabled Fraud

FinCEN Updates: FinCEN Rescinded the Advisory on the Abuse of the Citizenship-by-Investment Program Sponsored by the Federation of St. Kitts and Nevis

OFAC reached $1,7 Million settlement with IMG Academy

FinCEN Assesses $3.5 Million Penalty on Paxful for Facilitating Suspicious Activity Involving Illicit Actors

ComplianceAid BSA AML Services LLC

Follow us on

Newsletter

Joining Instructions