News - ComplianceAid Website

The Office of Foreign Assets Control (OFAC) fines TradeStation Securities, Inc $1.1 Million

March 17, 2026Sandhya SahooNews

On March 17 th, 2026, “The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced that TradeStation Securities, Inc. has agreed to pay $1,110,661 to settle its potential civil liability for 481 apparent violations of OFAC sanctions programs arising from TradeStation’s provision of brokerage and investment services.” To Access full article:...

FinCEN Assesses $80 Million Penalty against Canaccord Genuity

March 6, 2026Sandhya SahooNews

On March 6th, 2026, The U.S. “Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed an $80,000,000 civil money penalty against Canaccord Genuity LLC (Canaccord) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering and countering the financing of terrorism law that safeguards the financial system from illicit use....

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...

FATF Issues Targeted report on Stablecoins and Unhosted Wallets – Peer-to-Peer Transactions

March 3, 2026Sandhya SahooNews

On March 3rd, 2026, “A new report from the Financial Action Task Force (FATF) highlights illicit finance risks linked to criminals' misuse of stablecoins, particularly through peer-to-peer (P2P) transactions via unhosted wallets, and sets out recommended actions for countries and the private sector to strengthen controls to protect the integrity of the financial system.” To...

FinCEN Updates: FinCEN Rescinded the Advisory on the Abuse of the Citizenship-by-Investment Program Sponsored by the Federation of St. Kitts and Nevis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

FINTRAC fines Xeltox Enterprises CAD $176

October 22, 2025Amishi SharmaNews

On October 22, 2025, The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced that it had imposed an administrative monetary penalty on Xeltox Enterprises Ltd. (operating as Cryptomus and previously known as Certa Payments Ltd.). Following a compliance examination, this money services business, incorporated in British Columbia under the name Xeltox Enterprises Ltd.,...

The Office of Foreign Assets Control (OFAC) fines Fracht FWO Inc $1.6 Million

September 9, 2025Amishi SharmaNews

On September 9th, 2025, “The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) today announced that Fracht FWO Inc. (Fracht), a freight forwarder whose principal place of business is in Houston, Texas, has agreed to pay $1,610,775 to settle its potential civil liability for apparent violations of multiple OFAC sanctions programs.” To...

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