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UK ECJU issues Guidance consisting of “reminders and good practice” for your export licence applications in 2024 and beyond.

by Jyotsna Bucktowar | Jan 10, 2024

All applications received are processed on a case-by-case basis against the Strategic Export Licensing Criteria and noting any trade sanctions, embargoes and other restrictions in place at the location where your proposed exports are going…

FinCEN and BIS issue joint notice addressing global evasion of US export controls

by Jyotsna Bucktowar | Dec 15, 2023

The joint notice outlines red flag indicators applicable to both financial institutions and exporters in their due diligence efforts. Financial institutions and exporters are urged to adopt a risk-based approach and remain vigilant against evasion of global export...

White House issues notice on the continuation of the national emergency with respect to the global illicit drug trade

by AdrianaAMLP | Dec 12, 2023

Relates to the trade of illicit drugs, including fentanyl and other synthetic opioids, that is causing the deaths of tens of thousands of Americans annually.

US DoJ announces charges against three individuals for bribery

by AdrianaAMLP | Nov 3, 2023

The charges stemmed from Susan Keim’s acceptance of bribes from Wilson in exchange for awarding purchase orders to Wilson’s company for selling parts and materials to a U.S. Army Garrison. The sentences reflect legal repercussions for corrupt activities...

FinCEN extends the deadline to file beneficial ownership information reports

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...
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Recent Posts

  • EBA launches a consultation to simplify EU Supervisory reporting by cutting requirements by around 50% and reducing duplication and streamlining data requirements
  • NCA’s UKFIU SARs Reporter Booklet (Mar 26) reveals large-scale fraud and ML schemes, including £2.4M VAT frauds, £600k+ asset freezes, and complex organised crime networks 
  • FinCEN proposes a rule to fundamentally reform AML/CFT programs under the Bank Secrecy Act, shifting from “check-the-box” compliance to risk-based, effectiveness-focused outcomes
  • AUSTRAC finalises AML/CTF transitional and amendment rules, setting clear timelines for CDD, travel rule for payment transparency, and VASP obligations to help businesses strengthen ML/TF controls
  • OECD’s Consumer Finance Risk Monitor 2026 report flags rising FC risks from AI impersonation, phishing, investment and crypto fraud, with 85% of jurisdictions citing scams as the top risk

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