CTF

Monaco’s financial markets watchdog has fined UBS €6 million for “numerous serious breaches” in anti-money-laundering and counterterrorism financing controls.

The U.S. Treasury Department on Thursday imposed sanctions on Iraq’s deputy oil minister, three senior leaders of Iran-aligned militias, and four Iraqi companies, accusing them of diverting Iraqi oil to benefit Iran’s government and its proxy forces.

President Donald Trump has signed off on a new U.S. counterterrorism strategy that makes eliminating drug cartels in the Western Hemisphere the administration’s highest priority, the White House announced Wednesday.

The Financial Action Task Force (FATF) has removed Singapore from its enhanced follow-up list but the city-state’s beneficial-ownership safeguards, money-laundering prosecutions, and proliferation-financing controls are still falling short of the risks it faces as one of the world’s largest financial centers.

Tabcorp, Australia’s biggest listed bookmaker, disclosed that the country’s financial-crimes watchdog AUSTRAC has opened a formal investigation into whether it was complying with anti-money-laundering (AML) rules and properly monitoring its customers.

Denmark’s financial regulator has reported a local unit of Nordea Bank to police over suspected breaches of anti-money-laundering rules and asked authorities to open a criminal investigation, the authority disclosed Monday. 

Iran’s largest cryptocurrency exchange was founded and is controlled by two brothers from the Kharrazi family, one of the Islamic Republic’s most influential clerical dynasties and now closely tied to new Supreme Leader Mojtaba Khamenei.

Canada is moving to create a powerful new law enforcement agency dedicated to investigating and prosecuting financial crime, a step that places Ottawa on a sharply different course from Washington, where the Trump administration has scaled back federal fraud enforcement.

The Financial Action Task Force (FATF) placed Austria in enhanced follow-up after finding the country’s framework for investigating and prosecuting money laundering remains weak more than a decade after similar concerns were first raised.

OFAC designated 35 entities and individuals it said help run Iran’s shadow-banking system, focusing on private companies known as “rahbars” that move money for sanctioned Iranian banks through foreign shell companies and front-company accounts.