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U.S. Department of the Treasury
Iraqi Payment System Hijacked For Terrorist Funding, U.S. Warns
16th Apr 2019 | Written by:
The U.S. Treasury has brought sanctions against seven individuals and one entity accused of exploiting Iraq’s national payment system, alongside money service businesses and hawala networks, for...
Lebanese MSB Hit With U.S. Sanctions Over Hezbollah Ties
12th Apr 2019 | Written by:
A Lebanese money dealer who allegedly moved around tens of millions of dollars a week in laundered drug money was slapped with sanctions by the U.S. Treasury on Thursday.
Money Remitters In Firing Line Over Ukrainian Separatist Crowdfunding
9th Apr 2019 | Written by:
Money transfer giants MoneyGram and Western Union, along with two of Russia’s largest banks, have been accused of facilitating thousands of dollars in donations to the Ukrainian separatists...
Massive International Iranian Sanctions Evasion Ring Uncovered
27th Mar 2019 | Written by:
The U.S. Treasury has taken action against a bevy of individuals and financial institutions accused of facilitating sanctions evasion on behalf of Iranian entities, moving more than a billion...
In Depth: New-Look EU Money Laundering Blacklist Sparks Transatlantic Clash
14th Feb 2019 | Written by:
A fresh diplomatic row erupted between Washington and Brussels on Wednesday after the European Commission included four US territories in its beefed-up blacklist of third countries with poor anti...
Cryptocurrency Regulation In Sights Of Bipartisan U.S. Terror Financing Bill
11th Feb 2019 | Written by:
A bill snaking its way across Capitol Hill has raised the specter of new red tape for cryptocurrency platforms as lawmakers single out the sector’s role in terrorist financing and sanctions evasion.
In Depth: Are Authorities Doing Enough To Fight De-Risking?
22nd Jan 2019 | Written by:
Are influential regulators, international standards-setters and financial sector participants doing enough to tackle de-risking? PaymentsCompliance speaks to J. Andrew Spindler, a former New York...
2018 in Focus: Payments in the Americas
21st Dec 2018 | Written by:
The fight against financial crime in the Americas reached an ever-higher pitch in 2018, with new and innovative methods of sanctions evasion sprouting as quickly as enforcement agencies could cut...
Casinos, Card Rooms In Sights Of U.S. AML Regulators
20th Dec 2018 | Written by:
A former official with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) is confident the casino industry understands the obligations of preventing money laundering,...
SWIFT's Iran Connection Not Yet Safe As U.S. Cut-Off Date Looms
1st Nov 2018 | Written by:
Last-minute talks are continuing between international financial messaging service SWIFT and the U.S. Treasury as the looming re-imposition of sanctions lifted under the Iran nuclear deal raise the...
Fresh Legal Complaint Filed Over Federal U.S. Fintech Regime
26th Oct 2018 | Written by:
Attempts to introduce a new federal U.S. licensing regime for fintechs applicable across all 50 states will face a fresh legal challenge from a high-profile group of state-level regulators, after...
Virtual Currency To Be Subject Of Dedicated U.S. Treasury Review
24th Oct 2018 | Written by:
in Las Vegas
Conspicuous by its absence in the U.S. Treasury’s recent report on fintech, virtual currency will be the sole subject of an upcoming paper being developed by a working group of U.S. regulators...
U.S. Treasury Rules Out Laws On De-Risking As MSB Sanctions Ramp Up
18th Oct 2018 | Written by:
A U.S. Treasury official has said legal reforms aimed at helping money transfer firms affected by de-risking are highly unlikely, despite legislative efforts in Europe to tackle the issue.
Industry-Led Open Banking Making 'Easy Targets' Of U.S. Consumers
19th Sep 2018 | Written by:
Leaving open banking data standards in the U.S. to the whims of the private sector could leave consumers exposed to malicious practice with no recourse, experts have said.
Industry Will Not Face Censure Over Non-Binding Guidance, Insist U.S. Regulators
17th Sep 2018 | Written by:
U.S. financial watchdogs have quelled industry concerns that agencies use non-binding rules to fuel enforcement action, downplaying the legal weight of supervisory guidance they issue.
Open Banking: U.S. Regulators Pressed On Data Security Responsibilities
10th Sep 2018 | Written by:
in Los Angeles
Although U.S. federal authorities have received industry praise for espousing a hands-off approach to open banking, signs are emerging that consumers may prefer lawmakers and regulators to play a...
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