NEWS: Citigroup hit with fines of $136m for ‘insufficient progress’ in fixing compliance failures 

Regulatory Watch News

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  October 8, 2024

  Tomorrow, 9th October, FATF President Elisa de Anda Madrazo will deliver the opening address at AMLintelligence.com 'International Anti-Financial Crime Summit 2024' in London

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  EMPACT Hackathon: 16 suspected human traffickers and 60 potential victims identified

  Europol

  October 8, 2024

    Between 17 and 20 September in Apeldoorn, the Netherlands, 76 experts from 27 countries joined forces to monitor, detect and investigate leads on human trafficking activities enabled by the internet. Online-enabled human trafficking is a growing threat that transcends borders. While the surface web remains a key tool for human traffickers, the complexity of identifying exploitation indicators online presents significant challenges

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  Treasury Targets Significant International Hamas Fundraising Network

  OFAC

  October 7, 2024

  WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals and one sham charity that are prominent international financial supporters of Hamas, as well as one Hamas-controlled financial institution in Gaza. OFAC also designated a longstanding Hamas supporter and nine of his businesses. These actors play critical roles in external fundraising for Hamas, often under the guise of charitable work, that finance the group’s terrorist activities. Today’s action, which is being taken pursuant to the counterterrorism authority Executive Order (E.O.) 13224, as amended, highlights the abuse of the non-profit organization (NPO) sector by terrorist financiers through the use of sham charities to generate revenue.