Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, EU/Europe, Financial Crime, Sanctions, Schuman

LATEST: EU governments demand OFAC-style agency to tackle ‘massive’ sanctions evasion by Russians across the bloc

Premium February 22, 2023

RUSSIA SANCTIONS: Proposals by the European Parliament to give AMLA a role in sanctions enforcement is likely to be rejected by European governments, AML Intelligence has learned. Separately, Dutch foreign minister Wopke Hoekstra wants a new EU sanctions agency - similar to OFAC in the US - established here. A move that is seen as more likely by EU officials.

INSIGHT: Compliance managers see €15K rise in salary to €85K; CCOs earning €195K – report

 Premium

NEWS: UAE, Gibraltar set to remain on EU’s ‘high risk’ watchlist until September at earliest

 Premium

LATEST: European Parliament officially adopts Europe’s new AML laws and establishment of AMLA

By STEPHEN RAE for AMLi EUROPE should have its own OFAC-style agency enforcing EU sanctions, 12 Member States have demanded. The governments – led out by the Netherlands – are supporting the proposal to take on widespread sanctions evasion by oligarchs and Russian industry. Sanctions were “being evaded on a massive scale”, the Dutch Foreign…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in

INSIGHT: Compliance managers see €15K rise in salary to €85K; CCOs earning €195K – report

 Premium

NEWS: UAE, Gibraltar set to remain on EU’s ‘high risk’ watchlist until September at earliest

 Premium

LATEST: European Parliament officially adopts Europe’s new AML laws and establishment of AMLA

Regulatory Watch News

  • Founders and CEO of cryptocurrency mixing service arrested and charged with money laundering and unlicensed money transmitting offenses

    IRS Criminal Investigation

    Keonne Rodriguez and William Lonergan Hill are charged with operating Samourai Wallet, an unlicensed money transmitting business that executed over $2 billion in unlawful transactions and laundered over $100 million in criminal proceeds

  • Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military

    OFAC

    WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning over one dozen entities, individuals, and vessels that have played a central role in facilitating and financing the clandestine sale of Iranian unmanned aerial vehicles (UAVs) for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), which itself is involved in supporting Iran’s Islamic Revolutionary Guard Corps (IRGC) and Russia’s war in Ukraine.

  • Financial sanctions update: Iran

    OFSI

    On 25 April 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following 6 entries have been added to the Iran financial sanctions regime and are now subject to an asset freeze:

    • Abbas Abdi Asjerd (Group ID: 16483)
    • Seyed Mohsen Vahabzadeh Moghadam (Group ID: 16480)
    • Alvand Motorbuilding Industries Company (Group ID: 16482)
    • Bonyan Danesh Shargh Private Company (Group ID: 16481)
    • Moj Gostar Aseman Parvaz Company (Group ID: 16479)
    • Pishro Sanat Aseman Sharif Company (Group ID: 16484)

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us