INSIGHT: Trump Executive Order designating Mexican cartels as terrorists may create AML risks for banks

Regulatory Watch News

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  North Carolina Man Pleads Guilty to Attempting to Illegally Export Sensitive Technology to China

  justice

  March 1, 2025

  David C. Bohmerwald, 63, the owner of a Raleigh-based electronics resale business called Components Cooper Inc., pleaded guilty to attempting to export accelerometer technology with military applications to China without a license, in violation of the Export Control Reform Act (ECRA), and faces a maximum penalty of 20 years in prison when sentenced.

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  Global Coalition to Defeat ISIS Convenes Twenty-First Finance Working Group Meeting

  US Department of the Treasury

  March 1, 2025

  WASHINGTON — Earlier this month, the United States, Italy, and Saudi Arabia convened virtually the 21st meeting of the Counter ISIS Finance Group (CIFG), a working group of the Global Coalition to Defeat ISIS.  The U.S. Departments of the Treasury and State jointly represented the United States at this event, which took place February 4 – 5 and included more than 30 member states and observers.

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  SEC to Host Roundtable on Artificial Intelligence

  SEC

  March 1, 2025

  Washington D.C., Feb. 28, 2025 —

  The Securities and Exchange Commission today announced it will hold a roundtable discussion on Artificial Intelligence in the financial industry. The event takes place on March 27 from 9 a.m. to 4 p.m. at the SEC's headquarters in Washington, D.C. and is open to the public for either in-person or virtual attendance.

  The AI roundtable will discuss the risks, benefits, and governance of AI in the financial industry.

  SEC Acting Chairman Mark Uyeda and SEC Commissioners Hester Peirce and Caroline Crenshaw are expected to deliver remarks.