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Good morning. It is a pleasure to be joining you for the Institute of International Bankers Annual Anti–Money Laundering (AML) Seminar. Thank you to our hosts and particularly Sally Miller for inviting me to be a part of today's event. As representatives of the international financial community,…

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) issued a Geographic Targeting Order (GTO) today to about 700 Miami businesses to shed light on cash transactions that may be tied to trade-based money laundering schemes. These complex schemes are a primary method used by drug…

WASHINGTON, DC – The Financial Crimes Enforcement Network (FinCEN) today announced the assessment of a $75,000 civil money penalty against a Colorado money services business (MSB), Aurora Sunmart Inc., and its owner and general manager, Jamal Awad. Since 2008, Aurora willfully violated the Bank…

On February 27, 2015, the Financial Action Task Force (FATF) updated its list ofjurisdictions with strategic AML/CFT deficiencies. These changes may affect U.S. financial institutions’ obligations and risk-based approaches with respect to relevant jurisdictions. As part of the FATF's listing and…

WASHINGTON, DC - The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) today named Banca Privada d'Andorra (BPA) as a foreign financial institution of primary money laundering concern pursuant to Section 311 of the USA PATRIOT Act (Section 311) and issued a related…