The Australian Transaction Reports and Analysis Centre (AUSTRAC) has made available notices (both dated 16 September 2014) setting out its decisions to suspend and commence action to cancel (the Action Notice) the registration of independent remittance provider Bisotel Rieh Pty Ltd (Bisotel Rieh) under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 No. 169 (Cth) (the AML/CTF Act).
The United States Department of the Treasury has made available Enforcement information for August 27, 2014 (undated), announcing that Branch Banking & Trust Co (BB&T) has agreed to pay US$19,125 to settle an apparent breach of the Sudanese Sanctions Regulations.
United States treasury bureau the Financial Crimes Enforcement Network (FinCEN) has announced that it has fined (28 August 2014) money services business BPI for the following breaches of anti-money laundering (AML) obligations:
The New York State Department of Financial Services (NYDFS) has announced that Standard Chartered Bank (SCB) has been issued an order (19 August 2014) (the Order) to undertake various measures, including payment of a US$300 million penalty, for its failures to remediate anti-money laundering (AML) compliance problems under a 2012 settlement with NYDFS.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has made available public notices (both dated 28 July 2014) regarding administrative monetary penalties against the following Ontario-based money services businesses (MSBs) for breaching the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations:
United States treasury bureau the Financial Crimes Enforcement Network (FinCEN) has issued a notice of proposed rulemaking (23 July 2014) (the NPRM) on customer due diligence (CDD) requirements for financial institutions.
The United States Department of the Treasury foreign assets control office (OFAC) has announced that the following companies have resolved breaches or alleged breaches of sanctions regulations:
The United States District Court for the Southern District of New York has made available US Magistrate Judge Gabriel Gorenstein's Memorandum Opinion (18 July 2014) in the matter of an application seeking a warrant to obtain emails from a Google-hosted "Gmail" webmail account. The application also sought to permit a search of those emails as part of an investigation into possible money laundering-related and similar offences.
The New York State Department of Financial Services (NYDFS) has released Proposed New York Codes, Rules and Regulations on virtual currencies (undated) (the Proposed Rules) for public comment.
United States treasury bureau the Financial Crimes Enforcement Network (FinCEN) has announced its decision to name FBME Bank Ltd (FBME) "a foreign financial institution of primary money laundering concern pursuant to [s.] 311 of [the USA PATRIOT Act]".
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