In a bold strike against international corruption, the U.S. Federal Bureau of Investigation (FBI) has indicted two men accused of orchestrating a money-laundering scheme linked to Venezuelan President Nicolás Maduro’s inner circle, with the reach of this illicit operation spanning across multiple countries including the United States, Venezuela, Uruguay, and the Dominican Republic. The latest […]
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In the world of maritime sanctions, marine insurers and P&I clubs play a vital role in protecting the sector from regulatory and operational risk. But as expectations from regulators increase and sanctions regimes grow more intricate, relying on standard compliance approaches is no longer enough. Two areas are particularly critical for effective sanctions risk management: […]
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In a week that has highlighted the Trump administration’s de-regulatory agenda on financial oversight, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced multiple developments in their attempts to ease compliance burdens on non-banking institutions while still maintaining appropriate anti-money laundering (AML) and counter-terrorism financing (CFT) protocols to protect national security. These updates – […]
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