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Alex Saab extradited to the US

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, October 18, 2021 Colombian Businessman Charged with Money Laundering Extradited to the United States from Cabo Verde Alex Nain Saab Moran (Saab), 47, a Colombian citizen, will make his initial appearance in federal court in Miami, Florida, today after […]

Sorry I was so slow to get to this one… JK

Department of JusticeO ffice of Public Affairs FOR IMMEDIATE RELEASE Wednesday, October 6, 2021 Foreign National Sentenced for Money Laundering Funds to Promote Turtle Trafficking A Chinese citizen was sentenced today to 38 months in prison and one year of supervised release on a federal money laundering conviction. Kang Juntao, […]

OFAC publishes Virtual Currency Sanctions Compliance Guidance (& 2 updated FAQs)

Publication of Sanctions Compliance Guidance for the Virtual Currency Industry and Updated Frequently Asked Questions Release date10/15/2021Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is publishing an industry-specific brochure, “Sanctions Compliance Guidance for the Virtual Currency Industry,” as a resource to help members of the […]

Responses to proposed MAS AML/CFT requirements for capital markets intermediaries published

The consultation started in May, closed in June, and MAS responded last Friday. Links below for the consultation paper, and the responses. Links: Proposed AML Notices for Cross-Border Business Arrangements of Capital Markets Intermediaries under Proposed Exemption Frameworks – Consultation Paper Proposed Exemption Framework for Cross-Border Business Arrangements of Capital […]