Enforcement Actions
FINMA reassesses disgorgement of profits in BSI case The Swiss Financial Market Supervisory Authority FINMA has reassessed the disgorgement of profits in the 1MDB enforcement case against BSI. In addition, FINMA has concluded all proceedings against individuals in connection with this case. In two cases it issued industry bans. FINMA […]
I recorded a new episode last night about Tuesday’s OFAC settlement with Berkshire Hathaway… available everywhere except Pandora (AFAIK) and Radio.com (ditto). If you listen via one of the subscription services, please post a review. Otherwise, I have no idea of what I’m providing meets your needs or not. Thanks!
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Berkshire Hathaway, Inc. Release date 10/20/2020 Body The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a $4,144,651 settlement with Berkshire Hathaway, Inc. (“Berkshire”), a multinational conglomerate holding company based […]
From today’s CMP assessment of $60,000,000 on Larry Dean Harmon: IV. CIVIL MONEY PENALTYFinCEN determined that Mr. Harmon, in his roles with Helix and Coin Ninja, willfully violated the BSA and its implementing regulations, as described in this ASSESSMENT and Attachment A, and that grounds exist to assess a civil […]
First Bitcoin “Mixer” Penalized by FinCEN for Violating Anti-Money Laundering Laws Contact Office of Strategic Communications, 703-905-3770 Immediate Release October 19, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has assessed a $60 million civil money penalty against Larry Dean Harmon, the founder, administrator, and primary operator of Helix and Coin Ninja, convertible virtual […]
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, October 19, 2020 Six Russian GRU Officers Charged in Connection with Worldwide Deployment of Destructive Malware and Other Disruptive Actions in Cyberspace Defendants’ Malware Attacks Caused Nearly One Billion USD in Losses to Three Victims Alone; Also Sought to […]
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, October 15, 2020 Founder and CEO of Iranian Financial Services Firm Sentenced to Prison for Conspiring to Violate U.S. Sanctions Assistant Attorney General for National Security John C. Demers and U.S. Attorney Erica H. MacDonald today announced the sentencing […]
News 06 October 2020 Press release 2020 Combating money laundering FINMA concludes proceedings against Banca Credinvest The Swiss Financial Market Supervisory Authority FINMA has found that Banca Credinvest seriously breached anti-money laundering regulations in its handling of Venezuelan client relationships. FINMA recently concluded corresponding enforcement proceedings and imposed a variety of measures. FINMA […]
Generali Global Assistance, Inc. (GGA), a New York-incorporated travel assistance services company that provides travel and claims services on behalf of clients that offer global medical expense and travel insurance policies, has agreed to remit $5,864,860 to settle its potential civil liability for 2,593 apparent violations of the Cuban Assets […]
New episode of Mr. Watchlist’s DesigNation revolves around the Comtech Telecommunications enforcement action and, in particular, the Compliance Commitments section of the Settlement Agreement. Normally, OFAC only publicizes the Enforcement Information document – it’s pretty rare that the Recent Actions notification includes a link to the actual settlement. But, this […]
