El Salvador Protects Accounts of Suspected Money Launderers
15th January 2021
El Salvador Protects Accounts of Suspected Money Launderers
By Shane Sullivan, InSight Crime, 13 January 2021 InSight Crime – The head of El Salvador’s financial regulatory agency has instructed banks not to close the accounts of suspected or formally accused money launderers, the latest in a long line of incidents that expose the country’s hollow fight… Read More
No more anonymous home buyers: New law requires shell companies to name their owners
14th January 2021
No more anonymous home buyers: New law requires shell companies to name their owners
A new federal law is putting an end to anonymous shell companies used to launder dirty money through high-priced real estate, automobiles and works of fine art. Until this year, Limited Liability Corporations — known as LLCs — often used to purchase real estate enabled buyers to block their identity… Read More
Joint Probes to Continue Post-Brexit—With More Red Tape
13th January 2021
Joint Probes to Continue Post-Brexit—With More Red Tape
The last-minute trade deal between the U.K. and European Union has helped stave off a potentially turbulent disruption in key law enforcement and security priorities between the two sides. The U.K.’s departure from the EU means the country has lost access to certain law enforcement tools… Read More
Trump returns Cuba to U.S. list of state sponsors of terrorism
12th January 2021
Trump returns Cuba to U.S. list of state sponsors of terrorism
The Trump administration on Monday announced it was returning Cuba to the U.S. list of state sponsors of terrorism, a move that could complicate any efforts by the incoming Biden administration to revive Obama-era detente with Havana. Just nine days before Republican President Donald Trump leaves office, Secretary of State… Read More
U.S. Imposes Sanctions on Ukrainians Linked to Giuliani for Election Disinformation
12th January 2021
U.S. Imposes Sanctions on Ukrainians Linked to Giuliani for Election Disinformation
The Trump administration imposed sanctions on Monday against seven Ukrainians — including two who assisted President Trump’s personal lawyer Rudolph W. Giuliani — for being part of what it called “a Russia-linked foreign influence network” that spread “fraudulent and unsubstantiated allegations” about President-elect Joseph R. Biden Jr. during the 2020… Read More
Record all your work calls at home, UK watchdog tells bankers
12th January 2021
Record all your work calls at home, UK watchdog tells bankers
Bankers must record all communications while working from home, Britain’s Financial Conduct Authority said on Friday, ending the leeway it introduced last year when the first pandemic lockdown began. “At the start of the pandemic, if your firm moved to an alternative site or a working from home arrangement, we… Read More
China hits back at foreign sanctions on Chinese companies and individuals
11th January 2021
China hits back at foreign sanctions on Chinese companies and individuals
China on Saturday issued a new order to prohibit firms from complying with foreign laws banning transactions with Chinese companies and individuals, effective immediately. The so-called Rules on Counteracting Unjustified Extraterritorial Application of Foreign Legislation and Other Measures apply to circumstances that “improperly prohibit or restrict” Chinese individuals, companies, and… Read More
Bitcoin holders barred from depositing profits in UK banks
11th January 2021
Bitcoin holders barred from depositing profits in UK banks
Bitcoin has surged to record highs this week but anyone who wants to take profits might struggle to cash in their gains. Some banks will not accept transfers from bitcoin exchanges. HSBC, one of the biggest banks in the country, does not process cryptocurrency payments or allow customers to… Read More
U.S. to designate Yemen’s Houthi movement as foreign terror group as soon as Monday
11th January 2021
U.S. to designate Yemen’s Houthi movement as foreign terror group as soon as Monday
The United States plans to designate Yemen’s Houthi movement as a foreign terrorist organization, three sources familiar with the matter said, a move that diplomats and aid groups worry could threaten peace talks and complicate efforts to combat the world’s largest humanitarian crisis. The decision to blacklist the Iran-aligned group,… Read More
How a New Anti-Money Laundering Law Will Affect U.S. Art Dealers
8th January 2021
How a New Anti-Money Laundering Law Will Affect U.S. Art Dealers
The US antiquities trade is going to face far stricter oversight in 2021 than it has in the past. On January 1, the Senate overrode President Trump’s veto of the National Defense Authorization Act for 2021, a bill that includes a new law requiring antiquities dealers to comply with the… Read More
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