by AdrianaAMLP | Aug 8, 2022
US Treasury sanctions Tornado Cash, a virtual currency mixer that launders the proceeds of cybercrimes, including those committed against victims in the US and has repeatedly failed to impose effective controls designed to stop it from laundering funds for malicious...
by AdrianaAMLP | Jul 15, 2022
House of Representatives passes bill requiring that trust companies, lawyers and art dealers report suspicious activity, according to ICIJ. The Enablers Act was first proposed shortly after ICIJ’s Pandora Papers investigation exposed widespread exploitation of lax...
by AdrianaAMLP | Jul 11, 2022
US Treasury sanctions arms trafficker tied to major drug cartel as a result of close work with the Mexican authorities, a violent drug trafficking organization based in Mexico responsible for a significant proportion of fentanyl and other deadly drugs trafficked into...
by AdrianaAMLP | Jul 11, 2022
Banks must apply a risk-based approach to CDD, including when developing the risk profiles of their customers. More specifically, banks must adopt appropriate risk-based procedures for conducting ongoing CDD that, among other things, enable banks to: (i) understand...
by AdrianaAMLP | Jul 7, 2022
OFAC issues fact sheet on the framework for international engagement on digital assets. The EO directs the Administration to promote development of digital asset and central bank digital currencies (CBDC) technologies consistent with our values and legal...
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