by Jyotsna Bucktowar | Jul 2, 2024
The GAO identified 31 sections in the 2020 AML Act assigned to FinCEN, which include establishing standards for testing new AML technology. By November 2023, GAO noted that FinCEN had reported varying levels of detail on progress for 19 sections, underscoring the need...
by Jyotsna Bucktowar | May 8, 2024
The hearing will examine Chinese money laundering organizations’ techniques and effects on the synthetic opioids supply chain, and actions the federal government can take to curb them. The Caucus, which is authorized in law and has the status of a standing committee,...
by Jyotsna Bucktowar | Feb 16, 2024
The US has launched new anti-money laundering policies in an effort to prevent illicit and corrupt finances – or dirty money and illegal activity or dealings from entering the American economy. The new measures are vital to ensure that law enforcement, the private...
by Jyotsna Bucktowar | Oct 18, 2023
The US filed a civil forfeiture complaint seeking to forfeit more than $72 million involved in a bribery and money laundering scheme centered around Ecuador’s public police pension fund (ISSPOL). As alleged in the complaint, from 2014 through 2020, more than $2.6...
by Jyotsna Bucktowar | Jun 14, 2023
Drug traffickers’ supply of firearms enables them to grow their enterprises and move deadly drugs, including illicit fentanyl, into the US. They use these weapons, which consist of everything from handguns to high caliber and assault weapons, against the Mexican...
Recent Comments