Speaking on 4 April 2019, the head of enforcement for the UK FCA, Mark Steward, warned those subject to the UK’s anti-money laundering regulations that ‘it is time that the FCA gave effect to the full intention of the Money-Laundering Regulations which provides for criminal prosecutions’. He added: ‘[The FCA is] now conducting ‘dual track’ […]

What’s the harm in buying a knock-off purse or a fake designer watch? According to counterfeit investigator Alastair Gray, fakes like these fund terrorism and organised crime. Learn more about the trillion-dollar underground economy of counterfeiting — from the criminal organisations that run it to the child labour they use to produce its goods — […]

This news item draws your attention to a Notice published today on GOV.UK. The list of persons to whom Council Regulation (EC) No 2580/2001 imposing financial sanctions with regard to Terrorism & Terrorist Financing should apply has been amended with one individual having their designation renewed. The Notice can be found at the following address: […]

This draws your attention to a Notice relating to Terrorism and Terrorist Financing which was published today on GOV.UK. Council Regulation (EC) No 2580/2001 imposing financial sanctions against Terrorism and Terrorist Financing has been amended to suspend the EU listing of 1 entity which still remains subject to a UK asset freeze. AMENDMENT Entity 1. […]

On June 6, 2016, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) released its 24th annual Terrorist Assets Report (TAR), an update to Congress detailing the amounts of assets in relation to international terrorist organizations or state sponsors of terrorism that have been frozen up until December 31, 2015. https://www.treasury.gov/resource-center/sanctions/Programs/Documents/tar2015.pdf The […]

The Islamic State terror group made nearly $1 billion in total revenue last year, half of which came from the sale of oil, and earned as much $350 million per year by extorting funds from the local population, a top US Treasury Department official has said. ISIL’s sources of income include oil and gas sales, […]

The Isle of Man Government has updated its stance against money laundering and the financing of terrorism with a new national strategy published today (Thursday March 24, 2016). The document sets out priority goals and actions identified following a review of existing defences – a national risk assessment (NRA) – carried out across the public […]

The Egmont Group — Financial Intelligence Units from 151 jurisdictions, with 19 other observer organizations — issued its latest Communiqué from its meeting in Monaco last week, targeting terrorist financing. Here’s the full text of the Egmont Group’s February 1, 2016 Communiqué: The increasing actions of terrorists and terrorist organizations such as ISIL, al-Qaida and […]