NEWS: Sharp increase in illegal funds transferred through ‘money mule’ accounts

Regulatory Watch News

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  FinCEN to Host Webinar on Beneficial Ownership Information Reporting Requirements

  FinCEN

  April 29, 2024

  The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information reporting requirements and how to comply with the law. WHAT: Webinar on beneficial ownership information reporting requirements WHEN: Tuesday, April 30, 2 p.m. ET WHERE: www.youtube.com/@fincentreasury

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  Financial sanctions update: ISIL (Da’esh) and Al-Qaida

  OFSI

  April 29, 2024

  On 29 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. Enacting the UN’s decision to amend this entry on 25 April 2024, the following entry has been amended under the ISIL (Da’esh) and Al-Qaida financial sanctions regime and remains subject to an asset freeze:

  • Sanaullah Ghafari (Group ID: 14169)

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  SIRIUS and An Garda Síochána advance collaboration in cross-border access to electronic evidence

  Europol

  April 27, 2024

  On the 25 and 26 April 2024, over 47 representatives from 25 law enforcement authorities (LEAs) across Europe as well as 29 representatives from 15 companies met in Dublin, Ireland, at the invitation of An Garda Síochána and the SIRIUS project, at the The SIRIUS SPoC Network Meeting. The meeting served for participants to share the latest developments, best practices, common challenges and possible solutions in the area of cross-border access to electronic evidence. Countries with no Single Point of Contact (SPoC) in place attended the event as observers, to assess if any of the established methods could possibly be of interest and put in place within their own agencies.