Enforcement Actions
Statement on inspection in Grenkeleasing ApS On 22 April 2021, the Danish Financial Supervisory Authority inspected Grenkeleasing ApS. The inspection was an investigation of the money laundering area. The inspection included an examination of the company’s risk assessment, policies, business procedures and internal controls as well as the company’s customer […]
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 […]
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, […]
A little old, but instructive… AUSTRAC issues remedial direction to Australian Military Bank 4 May 2021 AUSTRAC has issued a remedial direction to Australian Military Bank Ltd (AMB) requiring the mutual bank to review and uplift its compliance with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws. The action follows ongoing […]
FOR IMMEDIATE RELEASE October 12, 2021 http://www.bis.doc.gov BUREAU OF INDUSTRY AND SECURITY Office of Congressional and Public Affairs (202) 482-1069 BIS IMPOSES $1.8 MILLION PENALTY ON VTA TELECOM CORP. TO RESOLVE ALLEGATIONS OF MISREPRESENTATIONS MADE TO BIS, OTHER GOVERNMENT AGENCIES WASHINGTON – Today, Kevin J. Kurland, Acting Assistant Secretary of […]
CBUAE imposes financial sanctions on six exchange houses operating in the UAE Abu Dhabi (4 October 2021): The Central Bank of the UAE (CBUAE) imposed financial sanctions on six exchange houses operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money […]
NatWest Plc pleads guilty in criminal proceedings Press Releases First published: 07/10/2021 Last updated: 07/10/2021 Today, National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates’ Court to criminal charges brought by the Financial Conduct Authority (FCA) under the Money Laundering Regulations 2007 (MLR 2007). NatWest accepts that it […]
Schlumberger Rod Lift, Inc. (“SRL”) (now d/b/a Lufkin Rod Lift, Inc.1) — a Frisco, Texas-based company that was formerly a subsidiary of Schlumberger Lift Solutions LLC (“SLS”), itself a U.S. subsidiary of Schlumberger Limited (“Schlumberger”) of Curaçao, Netherlands — has agreed to pay $160,000 to settle its potential civil liability […]
Cameron International Corporation has agreed to pay $1,423,766 for apparent violations of Directive 4 sectoral sanctions under the Ukraine/Russia-related program. Although the violations were non-egregious, they were not voluntarily self-reported. What Cameron Did Between approximately July 29, 2015 to November 28, 2016, Cameron appears to have violated Directive 4 issued […]
17 September 2021 South African Reserve Bank imposes administrative sanctions in terms of the Financial Intelligence Centre Act 38 of 2001, as amended The South African Reserve Bank (SARB) has imposed administrative sanctions on two life insurers and directed them to take remedial action. The SARB found weaknesses in each […]
