by Jyotsna Bucktowar | Jan 14, 2025
Italy has requested a Silver Notice to track criminal assets linked to linked to fraud, corruption & ML. This new addition to the Organization’s color-coded Notices and Diffusions facilitates global info sharing. Currently in a pilot phase with 52 countries, the...
by Jyotsna Bucktowar | Dec 30, 2024
The most recent instance of a sanctions-related fine imposed by one of the UK’s crown dependencies or overseas territories dates back to 2015/2016. In 2024, reports indicated that companies registered in British Overseas Territories exported goods to Russia,...
by Jyotsna Bucktowar | Jul 26, 2024
Neglecting to establish and update written compliance policies approved by a senior officer breaches of the proceeds of crime regulations. Moreover, failing to assess and document ML or terrorist financing risks, considering prescribed factors…...
by Jyotsna Bucktowar | Jul 26, 2024
The notice provides answers to key questions about: (1) reporting beneficial ownership information to FinCEN under the Corporate Transparency Act; and (2) providing beneficial ownership information to financial institutions in connection with Federal customer due...
by Jyotsna Bucktowar | Jun 4, 2024
Russian President Putin issued Decree No. 442, establishing a mechanism to seize US assets within Russian territory and compensating the Russian Federation and Central Bank for losses caused by US decisions…
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