SCHUMAN: Lenin and Switzerland, UAE foreign minister chairs AML pow wow, Monaco contagion fears in EU and un-Wise £250 sanction-busting withdrawl

Regulatory Watch News

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  Two Tax Shelter Promoters Found Guilty in Billion-Dollar Syndicated Conservation Easement Tax Scheme

  US Department of Justice

  September 23, 2023

  Defendants Sold Over $1.3 Billion in Fraudulent Tax Deductions

  A federal jury sitting in Atlanta convicted Jack Fisher and James Sinnott today of conspiracy to defraud the United States, conspiracy to commit wire fraud, aiding and assisting the filing of false tax returns and subscribing to false tax returns. Fisher was also convicted of money laundering.

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  Goldman to Pay SEC $6 Million in Penalties for Providing Deficient Blue Sheet Data

  SEC

  September 22, 2023

  Washington D.C., Sept. 22, 2023 —

  The Securities and Exchange Commission today announced settled charges against Goldman Sachs & Co. LLC for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC. Goldman agreed to pay a $6 million penalty to resolve the SEC's charges.

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  3 entries have been amended under the ISIL (Da’esh) and Al-Qaida financial sanctions regime.

  OFSI

  September 22, 2023

  On 22 September 2023 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 entries have been amended under the ISIL (Da'esh) and Al-Qaida regime and remain subject to an asset freeze:

  • Taha Ibrahim Abdallah Bakr Al Khuwayt (Group ID: 13720)
  • Amir Muhammad Sa'id Abdal-Rahman al-Salbi (Group ID: 13840)
  • Nurjaman Isamuddin Riduan (Group ID: 7156)

  OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.