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On July 11, 2018, the government of Argentina took its first action against Hezbollah by freezing the financial assets of 14 individuals belonging to the Barakat clan in South America. Last week, Brazilian Federal Police arrested the leader of this clan, Assad Ahmad Barakat, who was sanctioned by U.S.
The constantly-evolving ‘nexus’ between crime and terrorism, ranging from simple deals to complex symbiotic relationships, demands greater understanding to break the illicit flow of black-market cash across borders, a United Nations meeting heard on Monday.
WARSAW – Near the end of September, Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, and Gen. Curtis Scaparrotti, NATO’s Supreme Allied Commander, Europe, arrived in Warsaw for a meeting with their NATO counterparts as part of a three-nation European visit by Dunford that took him from the alliance’s eastern frontier to the Iberian peninsula.
JPMorgan Chase Bank NA agreed to pay $5.3 million to settle allegations it violated various U.S. sanctions programs.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) issued an advisory today to alert U.S. financial institutions of the increasing risk that proceeds of political corruption from Nicaragua may enter or traverse the U.S. financial system.
In 2015, Amazon.com Inc. began quietly evaluating a startup called Elemental Technologies, a potential acquisition to help with a major expansion of its streaming video service, known today as Amazon Prime Video. Based in Portland, Ore., Elemental made software for compressing massive video files and formatting them for different devices.
Two U.S. senators are seeking a congressional probe into the risk of money laundering in the real-estate sector.
Washington (CNN)The Trump administration walked back its commitment to two international agreements Wednesday, withdrawing from a 63-year-old friendship treaty with Iran and limiting its exposure to decisions by the International Court of Justice.
The European Parliament gears up for a vote today on tougher carbon-dioxide caps for vehicles. The assembly may set a 45 percent reduction target from 2020 to 2030, significantly deeper than the 30 percent limit proposed by EU regulators, in order to boost electric vehicles.
Community banks and credit unions can share certain resources for anti-money-laundering compliance purposes, helping them address the risk of financial crime while keeping down costs, federal regulators said Wednesday.