IRAQ’S AML system suffers from major gaps, with authorities demonstrating only a “limited understanding” of complex money laundering schemes.
That is according to a new report by the Financial Action Task Force’s (FATF) Middle East and North Africa arm (MENAFATF).
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Justice Department Announces Seizure of Cybercrime Websites Selling Hacking Tools to Transnational Organized Crime Groups
US Department of Justice
The Justice Department today announced the coordinated seizure of 39 domains and their associated servers in an international disruption of a Pakistan-based network of online marketplaces selling hacking and fraud-enabling tools operated by a group known as Saim Raza (also known as HeartSender). The seizures were conducted in coordination with the Dutch National Police.
According to the affidavit filed in support of these seizures, Saim Raza has used these cybercrime websites since at least 2020 to sell phishing toolkits and other fraud-enabling tools to transnational organized crime groups, who used them to target numerous victims in the United States, resulting in over $3 million in victim losses
Defendant Extradited To Face Charges Related To International Bank Fraud And Money Laundering Ring That Caused Over $60 Million In Losses
United States Attorney Office -Southern District of New York
Members of the Charged Conspiracy Opened Bank Accounts for Over 1,000 Fake Businesses to Receive and Launder the Proceeds of Fraudulent Schemes, Causing Actual Losses of Over $60 Million and Intended Losses of Over $150 Million
Danielle R. Sassoon, the United States Attorney for the Southern District of New York, and Patrick J. Freaney, the Special Agent in Charge of the New York Field Office of the United States Secret Service (“USSS”), announced today that ERICK JASON VICTORIA-BRITO was extradited from the Dominican Republic and will appear in a federal courtroom in Manhattan later today. VICTORIA-BRITO is charged in a two-count Indictment with conspiring to commit bank fraud and money laundering from December 2017 through November 2022.
Financial sanctions update: Russia
OFSI
1 entry removed from the consolidated list
On 30 January 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act.
The following entry has been removed from the Russia financial sanctions regime and is no longer subject to an asset freeze or trust services sanctions: