The U.S. Department of the Treasury remains busy as the close of 2024 fast approaches. Last week, the Treasury’s Office of Foreign Assets Control (OFAC) – the department’s financial intelligence and enforcement agency tasked with enforcing economic and trade sanctions in support of domestic national security and foreign policy objectives – levied sanctions against two […]
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Money laundering is the process by which criminals disguise the illegal origins of their money. Anti-money laundering (AML) policies are designed to prevent this from happening
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One story dominated international headlines this week, as two key cogs in the multinational underground operation that is Tornado Cash have been charged with laundering over $1 billion
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In wake of the Russia-Ukraine military conflict, several European Union (EU) member states received much-deserved international praise for their openness in harboring displaced migrants
Read More Keeping their foot on the gas pedal with respect to measures to slow the spread of financial crime both domestically and abroad, the United States government has continued to remain vigilant
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The use – or rather misuse – of shell corporations and the masking of beneficial ownership information on behalf of criminal and terror organizations, as well as foreign diplomats
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Recently there has been a rise in the significance being placed on several key areas of Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) operations, with one being
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Not satisfied with the degree of progress seen with regards to foreign policy initiatives with Venezuela to date, President Trump has opted for a new angle that he hopes will see greater results in
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The poorly planned and executed departure of the United States military presence from Afghanistan under the Biden administration has at least in part contributed to the Middle Eastern
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With the depth of AML/CFT regulations and federal legislation seen today largely governing the day-to-day workflows of American financial institutions small and large,
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