PYMNTS

FEBRUARY 21, 2020

Before FinCEN , Mosier was associate director of the Treasury’s Office of Foreign Assets Control (OFAC). Mosier started his career in public service as a prosecutor for the Manhattan district attorney’s office, and has served as an adjunct law professor at the Georgetown University Law Center.

Fincen 100

Fincen Innovation OFAC Money Laundering 100

Fintech News

JANUARY 7, 2024

Moreover, the DPRK has been continually evolving its money laundering tactics to evade international law enforcement. Even after Sinbad was sanctioned by OFAC in November 2023, they continued to explore other tools for laundering.

OFAC 117

OFAC Law Enforcement Money Laundering Cryptocurrency 117

PYMNTS

MARCH 11, 2020

The Swedbank anti-money laundering (AML) probe by the law firm Clifford Chance has uncovered 586 transactions totaling roughly $4.8 Treasury’s Office of Foreign Assets Control (OFAC). Of the potential OFAC violations, 95 percent were processed from 2015 to 2016. We are now immediately proceeding with a self-report to OFAC.

AML 56

AML OFAC Money Laundering Breach 56

Finovate

AUGUST 22, 2024

Fin3 is a trailblazer in the digital payments space and launched a new payment method, Digital Drafts, based on changes to payment law, specifically UCC 12. ID-Pal ID-Pal uses 100% AI-powered technology for real-time identity verification and OFAC screening, ensuring seamless customer onboarding, compliance, and zero access to customer data.

Credit Union 52

Credit Union OFAC Payment APIs and Integration UCC 52

PYMNTS

DECEMBER 3, 2019

Under the BSA and related anti-money laundering laws, FIs must have compliance and monitoring programs, establish a process for SAR and screen against Office of Foreign Assets Control (OFAC) and other government lists. It was amended to include the Patriot Act, which requires every bank to adopt a customer identification program.

Suspicious Activity Report (SAR) 55

Suspicious Activity Report (SAR) BSA Rules Office of the Comptroller of the Currency 55

PYMNTS

MARCH 3, 2020

These charges should serve as a reminder that law enforcement, through its partnerships and collaboration, will uncover illegal activity here and abroad, and charge those responsible for unlawful acts and seize illicit funds even when in the form of virtual currency.”. Attorney Timothy J. national security,” said Don Fort, chief, IRS-CI. “We

Law Enforcement 56

Law Enforcement Money Laundering IRS OFAC 56

Stax

DECEMBER 4, 2023

TL;DR An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. An anti-money laundering (AML) program is a set of laws and procedures that seek to uncover attempts to disguise illicit money as legitimate. Let’s get started.

Money Laundering 88

Money Laundering Compliance AML BSA 88