Short, high-signal briefs you can act on today.
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The U.S. Treasury’s OFAC sanctioned four individuals and 11 entities linked to Cartel del Noreste, targeting alleged money laundering and commercial networks across horse racing, construction, trucking, and energy.
The U.S. Office of the Comptroller of the Currency imposed a $350 million penalty on American Express National Bank on October 8 for systemic deficiencies in its BSA/AML programme.
The U.S. Department of the Treasury announced on October 8 that OFAC targeted 17 vessels and associated companies involved in transporting Iranian petroleum and petrochemical products.
The U.S. Department of the Treasury announced on October 7 its first civil penalty under the Outbound Investment Security Program for failing to notify Treasury of a covered investment in a Chinese AI company.
The U.S. Department of Justice announced on October 6 that a former TD Bank employee pleaded guilty to accepting bribes and laundering more than $4.8 million through the bank.
FinCEN withdrew two proposed digital asset AML rules on October 5 covering transactions involving unhosted wallets and convertible virtual currency mixing.
