FinCEN advisory on Elder Financial Exploitation

FinCEN warns FIs about rising trend of elder financial exploitation (EFE), which involves the illegal or improper use of an older adult’s funds, property, or assets and urges financial institutions to detect, prevent, and report suspicious financial...

FinCEN rulemaking for no-action letter process 

The Report noted several potential benefits of a no-action letter process, including encouraging a robust and productive dialogue with the public, promoting a culture of compliance, and enhancing transparency in the application and enforcement of the Bank Secrecy...

US Treasury sanctions corrupt police officials

OFAC designated six individuals pursuant to because of their support for, or actions on behalf of, the Cartel de Jalisco Nueva Generacion (CJNG), a violent Mexico-based organization that traffics a significant proportion of the fentanyl and other deadly...

SEC charges Tenaris over alleged bribe

SEC announced that Tenaris, a Luxembourg-based global manufacturer and supplier of steel pipe products, will pay more than $78 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA) in connection with a bribery scheme…...

UK issues licence for sale of Chelsea Football Club

The sale of Chelsea FC to US investor Todd Boehly has been approved by the UK Govt, bringing a close to Russian billionaire Roman Abramovich’s near 20-year ownership of the football club. The approval of the £4.25 billion ($5.3 billion) sale…