Industry News

Cuba removed from U.S. list of state sponsors of terrorism

The United States formally removed Cuba from a list of state sponsors of terrorism on Friday May 29th, 2015. Access full article: Click here
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Ripple Labs Inc. fined in First Civil Enforcement Action Against a Virtual Currency Exchanger

The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney’s Office for the Northern District of California, assessed a $700,000 civil money penalty against Ripple Labs Inc....
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FinCEN Targets Money Laundering Infrastructure in Miami with Geographic Targeting Order

The Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO)  to about 700 Miami businesses to shed light on cash transactions that may be tied to trade-based money...
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7 Caribbean Countries on US Money Laundering List

Last Wednesday, the United States published it’s 2015 International Narcotics Control Strategy Report which includes a list of Major Money Laundering Jurisdictions.  Antigua & Barbuda, The Bahamas, Belize, the British...
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Banca Privada d'Andorra named a Foreign Financial Institution of Primary Money Laundering Concern

The Financial Crimes Enforcement Network (FinCEN) recently named Banca Privada d'Andorra (BPA) as a foreign financial institution of primary money laundering concern. “This finding and notice of proposed rulemaking are...
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New Venezuela-related Executive Order and OFAC Designations

The US Treasury Department announced that an Executive Order has been issued blocking property and placing travel restrictions on certain individuals.  Treasury Secretary Lew issued a statement in which he...
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U.S. Department of Treasury’s OFAC and U.S. Department of Commerce’s BIS amends Cuba Sanctions

The U.S. Department of the Treasury’s Office of Foreign Asset Control (OFAC) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) on January 16th, 2015 issued regulations...
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Thelist.pro Milestone – Over 15,000 Politically Exposed Persons

theList.pro has achieve another milestone by adding over 15,000 Politically Exposed Persons
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FinCEN fines personally $1M Compliance Officer

In a decision that sent shock wave across the financial industry and other regulatory industries, the Financial Crimes Enforcement Network (FinCEN) has personally fined $1 million civil money penalty (CMP) against...
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