From ‘risky’ to ‘a big step forward’; AML expert in Sweden’s finance watchdog praises EU’s latest plan on centralised anti-money laundering supervision
THE CURRENT plans of centralising anti-money laundering supervision in the EU have been welcomed by a senior advisor on AML at Sweden’s finance watchdog.
Christian Lynne Wandt of the Stockholm-based FSA has said that European authorities have “listened” to stakeholder input around issue – his own included.
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Health Net Federal Services, LLC and Centene Corporation Agree to Pay Over $11 Million to Resolve False Claims Act Liability for Cybersecurity Violations
US Department of Justice
Health Net Federal Services Inc. (HNFS) of Rancho Cordova, California and its corporate parent, St. Louis-based Centene Corporation, have agreed to pay $11,253,400 to resolve claims that HNFS falsely certified compliance with cybersecurity requirements in a contract with the U.S. Department of Defense (DoD) to administer the Defense Health Agency’s (DHA) TRICARE health benefits program for servicemembers and their families. In 2016, Centene acquired all of the issued and outstanding shares of Health Net Inc., HNFS’s corporate parent, and assumed the liabilities of HNFS.
The second Financial Action Task Force (FATF) Plenary under the two-year Mexico Presidency of Elisa de Anda Madrazo will take place on 19 – 21 February 2025
FATF
Delegates representing over 200 members of the Global Network and observer organisations, including the International Monetary Fund, the United Nations, the World Bank, INTERPOL and the Egmont Group of Financial Intelligence Units, will participate in the Working Group and Plenary meetings in Paris during FATF Week.
The Plenary will discuss key developments in the fight against illicit finance that fuels crime around the world, including a new FATF project to help detect, disrupt and investigate online child sexual exploitation.
BaFin warns of website and points to suspected identity fraud
BaFin
The German Federal Financial Supervisory Authority (BaFin) warns against the website amgfinancialeu.com. According to its findings, financial and investment services as well as crypto-asset services are offered there without permission.
The operator of the website appears only under the name AMGfinancialEU, without mentioning a legal form. He claims to be based in Zurich, Switzerland, at LLB Swiss Investments AG and in London, United Kingdom.