In July 2024, the Federal Bureau of Investigation and Department of Treasury’s Financial Crime Enforcement Network and Office of Foreign Assets Control (OFAC) released a joint notice discussing how Mexican-based Transnational...more
8/1/2024
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Cartels ,
Compliance ,
Drug Trafficking ,
FinCEN ,
Fraud ,
Hospitality Industry ,
Internal Investigations ,
Jurisdiction ,
Mexico ,
Office of Foreign Assets Control (OFAC) ,
Opioid ,
Personally Identifiable Information ,
Privacy Policy ,
Real Estate Market ,
Regulatory Oversight ,
Timeshare
In June 2024, multiple state regulators took joint action against Plutus Financial, Inc (Abra) ordering Abra to cease and desist certain operations in the U.S. and reimburse customers of virtual assets valued at $81.1 million...more
7/25/2024
/ Anti-Money Laundering ,
BSA/AML ,
Cease and Desist Orders ,
CFTC ,
Compliance ,
Department of Justice (DOJ) ,
Digital Assets ,
Due Diligence ,
FinCEN ,
FinTech ,
Know Your Customers ,
Policies and Procedures ,
Reimbursements ,
Risk Assessment ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
Training
What You Need to Know -
In October 2023, the Department of Treasury’s Office of Foreign Asset Control (OFAC) enacted multiple sanctions targeting the supply chain of fentanyl and other illicit drugs. In addition to...more
12/5/2023
/ Anti-Money Laundering ,
Canada ,
Chemicals ,
China ,
Compliance ,
Drug Trafficking ,
Due Diligence ,
Exporters ,
Financial Institutions ,
Importers ,
Innovation ,
Money Laundering ,
Office of Foreign Assets Control (OFAC) ,
Safeguards Rule ,
Sanctions ,
Suspicious Activity Reports (SARs) ,
Trade Finance Exemption