The October 7, 2023 attacks on Israel by Hamas have re-focused U.S. government efforts to identify and counter funding streams for Hamas and terrorist activity in general – including, in particular, through the use of...more
12/8/2023
/ AML/CFT ,
Anti-Money Laundering ,
Cryptocurrency ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Hamas ,
Money Laundering ,
Notice of Proposed Rulemaking (NOPR) ,
Popular ,
Suspicious Activity Reports (SARs) ,
Terrorism Funding ,
Terrorist Financing ,
Terrorist Financing Regulations ,
U.S. Treasury ,
Virtual Currency
As we blogged yesterday, OFAC has been busy. Right before OFAC designated the virtual currency exchange SUEX for allegedly facilitating ransomware payments, OFAC announced another significant but more traditional action on...more
First Blog Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime -
Change is upon us. The U.S. House and Senate have passed – over a Presidential veto – the National Defense Authorization Act...more