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LATEST: EU’s AMLA recruiting five executives on €22K per month to form new leadership team

Premium September 2, 2024

CHIEF: Interviews for the new AMLA chief have been running thru the summer. Now the EU is looking for five members of the executive board. PHOTO: The financial district is photographed on early evening in Frankfurt, Germany - the host city for AMLA.

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NEWS: SAR from Dutch bank catches home care boss using public money to fund “luxury” lifestyle

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NEWS: ‘See you soon’ – Germany shuts 47 cryptocurrency exchanges and issues warning to users

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NEWS: U.S. sanctions network of banks connected to Russia and North Korea

By PAUL O’DONOGHUE, Senior Correspondent EUROPE’s new AML Authority has announced it is recruiting five “highly experienced professionals” to form its first Executive Board. “Each successful candidate will be responsible, together with other voting members of the Executive Board, for the overall planning and execution of the tasks conferred on the Authority,” the European Commission…

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Premium

NEWS: SAR from Dutch bank catches home care boss using public money to fund “luxury” lifestyle

 Premium

NEWS: ‘See you soon’ – Germany shuts 47 cryptocurrency exchanges and issues warning to users

 Premium

NEWS: U.S. sanctions network of banks connected to Russia and North Korea

Regulatory Watch News

  • FINTRAC imposes an administrative monetary penalty on Coinseason Capital Inc.

    FINTRAC

    FINTRAC announced today that it has imposed an administrative monetary penalty on Coinseason Capital Inc. This money services business in Richmond, British Columbia, was imposed an administrative monetary penalty of $33,000 on May 31, 2024, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations. Coinseason Capital Inc. was found to have committed the following administrative violation:

    • Failure to renew their registration as a money services business with the Centre.
    The administrative monetary penalty has been paid in full by Coinseason Capital Inc. and proceedings have ended.

  • Financial sanctions update: DPRK

    OFSI

    On 20 September 2024 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. Enacting the UN’s decision to amend 1 entry on 20 September 2024, the following entry has been amended on the DPRK financial sanctions regime and remains subject to an asset freeze:

    • Ri Pyong Chul (Group ID: 13572)
    OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.

  • Mobile Application (App) Alert – Fraudulent mobile application (App) related to Bank of Singapore Limited

    HKMA

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of Singapore Limited relating to a fraudulent App, which has been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

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