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U.S. Department of the Treasury
OFAC Combing Attempts To Skirt Sanctions With Crypto
17th Jul 2019 | Written by:
The U.S. government’s sanctions watchdog is believed to be investigating cases where cryptocurrencies have been used to skirt sanctions controls, with enforcement action tipped to be on the way.
No Libra Launch Until Regulatory Concerns Resolved, U.S. Senate Told
17th Jul 2019 | Written by:
A key architect of Facebook’s digital currency project, Libra, has attempted to reassure lawmakers that Libra will not be launched until regulators are happy user data is protected, the risk of...
Trump Threatens Correspondent Banking Links With New Iran Sanctions
25th Jun 2019 | Written by:
The U.S. threatened to cut off foreign financial institutions from U.S. correspondent banking networks on Monday night as President Donald Trump issued sweeping new sanctions against Iran’s leaders.
Financial Crime Task Force Toughens Requirements For Crypto
24th Jun 2019 | Written by:
The Financial Action Task Force (FATF) has published its finalised guidance on virtual currencies, putting the same standards on crypto exchanges and wallets as currently exist for more traditional...
UN To Issue New Sanctions Guidance As De-Risking Concerns Grow
17th Jun 2019 | Written by:
The UN is working towards issuing further guidance on its sanctions operations to help firms navigate the increasingly complex array of requirements, amid rising concerns the current regime is...
Trans-Atlantic Fintech Partnership May Hit Regulatory Roadblock
12th Jun 2019 | Written by:
The launch of a financial innovation partnership between lawmakers in the UK and US was touted by leaders on both sides as the first step towards more harmonised regulatory regimes for fintechs —...
UK Defiant On Iran Sanctions Workaround In Face Of US Pressure
31st May 2019 | Written by:
The UK government is standing by plans to establish a new payment system circumventing US restrictions on trade with Iran, despite fresh threats of sanctions from across the Atlantic.
Navigating Maritime Sanctions Leaves Banks In Choppy Waters
24th May 2019 | Written by:
Banks and other financial institutions are failing to grapple with the complex task of ensuring business with the commodities shipping sector does not lure them into the rocky shores of non...
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...
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