Anti-Financial Crime & Financial Crime ComplianceCompliance News, EU/Europe, Gaming
A Maltese gambling company has been handed down a penalty of £6M, much of which stems from anti-money laundering failings.
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OFAC
The Office of Foreign Assets Control (OFAC) is issuing a final rule to remove the Zimbabwe Sanctions Regulations, 31 CFR part 541, from the Code of Federal Regulations. OFAC is taking this action because the national emergency on which part 541 was based was terminated by the President on March 4, 2024. The rule is currently available for public inspection with the Federal Register and will take effect upon publication in the Federal Register on April 17, 2024.
MONEYVAL
In the preparation of the next cycle of assessments, which will place an even greater focus on effectiveness and on countries’ risk and context, MONEYVAL organised a week-long assessors training in Riga. From 8 to 12 April, 39 experts from 24 MONEYVAL and FATF countries attended the training which focussed on both technical compliance and effectiveness aspects.
National Crime Agency
Four alleged members of an organised crime group that specialises in smuggling criminal cash out of the country and into Albania have been arrested in a National Crime Agency investigation. The suspects were arrested on 13 April in a series of co-ordinated raids which began with a 48-year-old Albanian national being arrested at Dover. Approximately £200,000 in cash was seized from his vehicle which is alleged to have been en route to Albania.
