Money Laundering

[ad_1] To print this article, all you need is to be registered or login on Mondaq.com. On September 23, 2021, the Financial Crimes Enforcement Network (FinCEN) took the first formal step toward writing new rules that would subject dealers in antiquities to the federal anti-money laundering laws and regulations. FinCEN’s Advance Notice of Proposed Rulemaking
[ad_1] Federal authorities are scrutinizing two U.S. trading giants and the financial advisers who handled the accounts of a businessman under investigation for allegedly helping a former Venezuelan oil minister launder billions of dollars, according to people familiar with the matter. Morgan Stanley, Interactive Brokers LLC and several financial advisory firms managed large-sum accounts for
[ad_1] On September 21, 2021, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) levied its first sanctions against a Russian-operated virtual currency exchange involved in ransomware payments and published an updated advisory on sanctions risks for ransomware payments. At the same time, Deputy Secretary of the Treasury Wally Adeyemo was careful to underscore