by AdrianaAMLP | Oct 10, 2023
FinCEN believes the proposed extension will have significant benefits. An extension will give reporting companies created or registered in 2024 additional time to understand their regulatory obligations under the Reporting Rule and obtain the required...
by AdrianaAMLP | Sep 29, 2023
SHBA admitted to willfully violating the BSA from April 2016 through March 2021, by failing to implement and maintain an effective AML program that was reasonably designed to guard against money laundering and failing to timely report several hundred transactions to...
by Jyotsna Bucktowar | Aug 22, 2023
The UK Govt announced that a £1 million compound settlement was recently reached with an unnamed UK company for alleged violations of The Russian (Sanction) (EU Exit) Reg 2019. The company was reportedly fined by HMRC for engaging in the unlicensed trade of...
by Jyotsna Bucktowar | Aug 15, 2023
FinCEN shines a light on how illicit actors within the construction industry are using shell companies and other tactics to commit workers’ compensation fraud and avoid payroll taxes…
by Jyotsna Bucktowar | Jul 28, 2023
The accused allegedly recruited and used straw persons to accept human smuggling proceeds in their bank accounts and then transferred these proceeds to the leaders under the pretense of “work” payments for construction. The superseding indictment also...
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