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What FinCEN wants comment on

From the recent Advanced Notice of Advanced Rulemaking (ANPRM): Question 1: Does this ANPRM make clear the concept that FinCEN is considering for an “effective and reasonably designed” AML program through regulatory amendments to the AML program rules? If not, how should the concept be modified to provide greater clarity? […]

The heart of FinCEN’s recent ANPRM

ANPRM = Advance Notice of Proposed Rulemaking From the ANPRM, until it gets into the nitty-gritty… Specifically, FinCEN is considering regulatory amendments that would explicitly define an “effective and reasonably designed” AML program as one that:  Identifies, assesses, and reasonably mitigates the risks resulting from illicit financial activity — […]

FinCEN wants better AML programs… your thoughts?

FinCEN Seeks Comments on Enhancing the Effectiveness of Anti-Money Laundering Programs Contact Strategic Communications, 703-905-3770 Immediate Release September 16, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a wide range of questions pertaining to potential regulatory amendments under the Bank […]

OFAC wants your pandemic thoughts…

The Office of Foreign Assets Control (OFAC) Encourages Persons to Communicate OFAC Compliance Concerns Related to the Coronavirus Disease 2019 (COVID-19) 4/20/2020 On March 13, 2020, President Trump declared a National Emergency in response to COVID-19.  On April 16, 2020, OFAC published a fact sheet that summarizes existing exemptions and authorizations to provide humanitarian […]

What to do about North Korea? DFAT wants to know…

Consultation: Autonomous Sanctions (North Korea): Triennial review of designations and declarations of persons and entities made in 2016 Australia’s autonomous sanctions regime enables the Minister for Foreign Affairs to designate a person or entity for the purposes of targeted financial sanctions, or declare a person for the purposes of a […]

Danish FSA invites you to talk AML and technology

Invitation to special meeting on money laundering and technological challenges and opportunities The meeting focuses on how technology can help with the process of onboarding customers. The meeting will be held on October 11, 2019, at 14-16, at the Danish Financial Supervisory Authority, Århusgade 110, 2100 Copenhagen Ø.  Registration Please […]

DFAT wants some input…

UNCLASSIFIED   Dear subscribers,    Defence Export Controls (DEC) is delivering an outreach program at the University of Technology Sydney on 11 June 2019. DFAT will be providing an overview of Australia’s sanctions regimes as part of the whole of government session. If you would like to participate, please follow the […]

HK SFC concludes AML/CFT consultation

    Latest update  最新訊息     SFC concludes consultation on amendments to anti-money laundering and counter-financing of terrorism guidelines 12 Oct 2018   The Securities and Futures Commission (SFC) today released consultation conclusions on proposals to amend its Guideline on Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT Guideline) (Note 1). The amendments […]