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New York Branch of Pakistan’s Largest Bank Faces $630 million Penalty for Alleged AML Violations |
On August 24, the New York State Department of Financial Services (DFS) announced that it plans to fine the U.S. branch of the Pakistan-based Habib Bank up to $630 million for a series of anti-money... |
Zarine Kharazian |
33 |
9 |
2017-09-01 |
Pakistan, United States |
Money Laundering, Terrorism |
|
U.S. Indicts 2 French Bankers for Rigging LIBOR Rates |
On August 26, 2017, the acting United States Attorney Bridget Rohde of the Eastern District of New York announced the indictment of two French bank managers for participating in a scheme to transmit... |
Bruce Zagaris |
33 |
9 |
2017-09-01 |
France, United States |
Banking Supervision |
|
Radicalization Awareness Network (RAN) Reports on Treatment of Foreign Terrorist Fighters Returning Home |
On July 31, 2017, the Radicalization Awareness Network (RAN) published a comprehensive manual for European countries dealing with the return of foreign terrorist fighters (FTFs). |
Michael Plachta and Eric Nilsson |
33 |
9 |
2017-09-01 |
European Union |
Counter-terrorism |
|
U.S. Treasury Issues Advisory and Geographic Targeting Order as Congress Considers Entity Transparency Bills |
On August 22, 2017, the Financial Crimes Enforcement Network (FinCEN) announced the issuance of revised Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the... |
Bruce Zagaris |
33 |
9 |
2017-08-25 |
United States |
U.S. Congress, U.S. Federal Government |
|
Appellate Court Upholds Dismissal of Suit by Sen. Rand Paul to Strike Down FATCA |
On August 18, 2017, the U.S. Court of Appeals for the Sixth Circuit affirmed in a unanimous opinion written by Circuit Judge Danny J. Boggs the dismissal of a lawsuit brought by Senator Rand Paul and... |
Bruce Zagaris |
33 |
9 |
2017-08-25 |
Israel, United States |
Tax Crimes, Tax Enforcement, U.S. Congress |
|
Review: Criminalized Power Structures: The Overlooked Enemies of Peace and Combating Criminalized Power Structures: A Toolkit |
The two volumes discuss criminalized power structures (CPS) that pose obstacles to the success of any peace process undertaken during or after a civil war or other period of intense political... |
Bruce Zagaris |
33 |
9 |
2017-08-25 |
Afghanistan |
Book Review |
|
Mass Prosecutions and INTERPOL Red Notice Abuse |
In late November 2013, the president of Ukraine, Viktor Yanukovych, announced his country’s decision to suspend its bid for membership in the European Union in favor of maintaining trade... |
Yuriy Nemets |
33 |
9 |
2017-08-25 |
Turkey, Ukraine |
INTERPOL, International Organizations |
|
UN Secretary-General Reports on the Scope and Application of Universal Jurisdiction in Criminal Matters |
On June 22, 2017, United Nations Secretary-General submitted to the General Assembly his report on the scope and application of universal jurisdiction in criminal matters.
|
Michael Plachta |
33 |
8 |
2017-08-18 |
Europe, Germany, Togo |
Comparative and International Law, Jurisdiction, United Nations |
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OFAC Targets Alleged Mexican Drug Boss and “His Vast Network,” Including International Soccer Star Rafa Márquez |
Describing him as a “longtime Mexican Drug Kingpin,” the Office of Foreign Assets Control (OFAC) of the U.S. Department of Treasury acted on August 11, 2017 to designate Raul Flores Hernandez and the... |
Peter Hardy, Dennis Burke and Priya Roy |
33 |
8 |
2017-08-18 |
Mexico |
Drugs & Trafficking |
|
Economic Citizenship Program Intermediary Settles Iran Violations with OFAC |
On August 10, 2017, the Office of Foreign Assets Control (OFAC) announced that it has settled civil charges of violating the Iran Transactions and Sanctions Regulations, 31 C.F.R. part 560 (ITSR), ... |
Bruce Zagaris |
33 |
8 |
2017-08-18 |
Iran |
Sanctions |
|
U.S. Government Moves to Suspend 1MDB Civil Forfeiture Case |
On August 10, 2017, the U.S. Department of Justice (DOJ) moved to suspend the civil forfeiture proceedings against the assets acquired by Malaysian financier Low Taek Jho (also known as Jho Low), and... |
Bruce Zagaris |
33 |
8 |
2017-08-18 |
Malaysia |
Money Laundering |
|
US Justice Department Issues Report on Prosecutions of Transnational Organized Crime |
On August 1, 2017, the United States Department of Justice issued a report on the convictions of members of transnational criminal organizations during the third quarter of the Fiscal Year 2017.... |
Bruce Zagaris |
33 |
8 |
2017-08-18 |
United States |
Organized Crime |
|
Israel Arrests Beny Steinmetz over Suspected Bribery in Guinea |
On August 11, 2017, Israeli law enforcement officials arrested businessman Beny Steinmetz, acting Bezeq Chairman David Granot, and strategic Consultant Tal Silberstein for questioning in a police... |
Bruce Zagaris |
33 |
8 |
2017-08-18 |
Israel |
Bribery |
|
U.K. Issues Proposed Guidance for Professional Body Supervisors on AML Supervision |
On July 24, 2017, the United Kingdom Financial Conduct Authority (FCA) issued proposed guidance on a sourcebook for professional body supervisors on anti-money laundering (AML) supervision. The... |
Bruce Zagaris |
33 |
8 |
2017-08-11 |
United Kingdom |
Compliance, Financial Enforcement, Money Laundering |
|
German Government Expels Vietnamese Diplomat over Alleged Kidnapping |
On August 2, 2017, the German government announced the expulsion of Vietnam’s press attaché over the alleged kidnapping of Trinh Xuan Thanh, who was the subject of an international... |
Bruce Zagaris |
33 |
8 |
2017-08-11 |
Germany, Vietnam |
Expulsion, Kidnaping |
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EU Counter-Terrorism Coordinator Reports on Information Exchange in Counterterrorist Operations |
On July 11, 2017, the European Union Counter-Terrorism Coordinator (CTC) presented his note on strengthening military and law enforcement information exchange in counter-terrorism. The... |
Michael Plachta |
33 |
8 |
2017-08-11 |
|
European Union, Europol, Terrorism |
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Ecuador Requests Assistance of Peru and Panama in Bribery Investigation of EP Petroecuador |
A recent publication by the Investigative Consortium of Journalists detailing bribery allegations against Ecuador’s public oil company EP Petroecuador has pushed the Ecuadorean government... |
Bruce Zagaris |
33 |
8 |
2017-08-11 |
Ecuador, Peru |
Offshore trusts |
|
New U.S. Sanctions Prompt Reciprocal Iranian Sanctions |
Despite the passage of the Joint Comprehensive Plan of Action (“JCPOA”) between the U.S. and Iran, the two countries have exchanged sanctions against each other over the past few months,... |
Farhad Mirzadeh |
33 |
8 |
2017-08-04 |
Iran, United States |
Sanctions |
|
Joint US-Colombia Enforcement Effort Arrests Five Connected To Recent String of Violent Jewelry Robberies |
Law enforcement officials in the United States and Colombia have arrested one Honduran and four Colombian nationals for their suspected role in a string of violent robberies targeting travelling... |
Zarine Kharazian |
33 |
8 |
2017-08-04 |
Colombia, United States |
Drugs & Trafficking, Law Enforcement, Organized Crime |
|
Chinese Fugitive Ren Biao Returns from St. Kitts to China to Face Fraud Charges |
On July 27, 2017, Chinese fugitive Ren Biao, who has St. Kitts and Nevis citizenship, left for China. Ren received citizenship in 2013 under the Citizenship by Investment (CBI) program of St. Kitts... |
Bruce Zagaris |
33 |
8 |
2017-08-04 |
China, Saint Kitts and Nevis |
Charged with Crimes, Corruption |