ACAMS moneylaundering.com

A former Russian official who until July 2019 served as governor of Sevastopol in Russian-occupied Crimea allegedly used his own name to open an account at Halifax in London in February 2023, six years after the U.K. designated him, prosecutors in London have alleged. https://lnkd.in/eEM45Hqm ($) Pictured: Dmitrii Ovsiannikov by the Press Service of the President of the Russian Federation. https://shorturl.at/q7wWf

The ACAMS moneylaundering.com legal team examines significant enforcement actions related to Foreign Corrupt Practices Act violations amid a shift in U.S. priorities. Read our latest Legal Brief in front of the paywall: https://lnkd.in/efFJKnrd

In the latest episode of the Sanctions Space Podcast, Justine and Marshall Billingslea, former U.S. assistant secretary for terrorist financing, discuss the second Trump administration's use of banking-related sanctions against Russia as leverage in negotiations and as a tool to bring "maximum pressure" to bear on Iran, and how financial institutions should prepare. They also discuss Trump's imposition of tariffs as an element of economic statecraft, and his administration's fentanyl strategy. Find out more here: https://lnkd.in/dwsQitXX

FATF targets horrific crime, U.K. investigator accused of Bitcoin theft, and more, in the weekly roundup. https://lnkd.in/eGudW72v ($)

Canada’s pending legal framework for banks and other institutions to share otherwise confidential details of customers flagged over financial crime-related concerns ranks as the most ambitious worldwide, new research has found. https://lnkd.in/e6Z3RNs6 ($)

EXCLUSIVE: Fostering a “common culture” among national supervisors and financial intelligence units in the EU ranks among the top objectives of the bloc’s Anti-Money Laundering Authority, Bruna Szego, the agency’s first leader, told ACAMS moneylaundering.com.   In a written interview, Szego, a veteran Italian regulator who took the lead at AMLA last month, laid out her views on the challenges her agency faces, the use of technology in combating financial crime, the tension between data-privacy concerns and AML requirements, and more. Read more in front of the paywall: https://lnkd.in/eVqDBb87 Pictured: Bruna Szego, the head of the EU’s Anti-Money Laundering Authority. #AMLA #AML #EU #supervision #compliance #moneylaundering

The Senate Banking Committee voted 18-6 in favor of amended legislation that would create a special regulatory structure for stablecoins Thursday, and also advanced a bill that would scrap “reputational risk” as a factor in federal oversight of the financial services industry. https://lnkd.in/e_MMNfE6 ($) Pictured: Senate Banking Committee Chairman Tim Scott by Ryan Johnson. https://shorturl.at/V8GS8

Switzerland’s Federal Judicial Police, or PJF, has possibly become the weakest link in the Alpine nation’s defenses against illicit finance after the agency’s total headcount dropped 10 percent from 2015 to last year. https://lnkd.in/eM7Xb3nk ($) Pictured: The west wing of the Federal Palace of Switzerland by Mike Lehmann. https://shorturl.at/WXdh5

Deeper scrutiny of small, outbound payments from Western countries to parties in Southeast Asia can lead to the identification of criminals who sexually abuse children online and help law enforcement rescue their victims, the Financial Action Task Force advised Thursday. https://lnkd.in/eJYyTMS8 ($)

U.K. agency's days are numbered, U.S. bill takes aim at "reputational risk," and more, in the midweek roundup. https://lnkd.in/eZngGEpi ($)