The US treasury department’s Financial Crimes Enforcement Network (FinCEN) is mulling different measures to combat trade-based financial crime as it considers what are expected to be sweeping new US priorities in anti-money laundering and counter financing of terrorism (AML/CFT) compliance… Read More ›
The director of the US treasury department’s Financial Crimes Enforcement Network (FinCEN) has addressed bankers to share some of his perspectives on the US’ new Anti-Money Laundering Act of 2020 (AML Act). Kenneth Blanco said the act, which includes the Corporate Transparency… Read More ›
Islamic State (ISIS) militants are earning about US$1 million a day from black market oil sales alone, according a US Treasury Department official. David Cohen, who leads the department’s effort to undermine the ISIS’ finances, said the oil is reaching… Read More ›