One of California’s oldest card clubs, Artichoke Joe’s, has been fined $8 million by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). According to FinCEN, Artichoke Joe’s “willfully violated” anti-money laundering (AML) laws from 2009 to 2017 by failing to… Read more >
Money laundering has been a reoccurring issue in China, with the infamous case of Gong Aiai, who purchased more than 20 Beijing prosperities with fake ID’s in 2013 and with China’s increasing real estate market, the Chinese government is prepared… Read more >
In recent years, modern slavery, specifically in the form of human trafficking, has become an egregious issue within the United States (US) as well as internationally. While many think of slavery as a relic of history, unfortunately, global statistics show… Read more >
Due to IT complications, banks and financial institutions in New Zealand have been allowed a grace period to conform to new regulations made in order to fight money laundering and terrorist funding. The Anti-Money Laundering (AML) and Countering Financing of… Read more >
Lone Star National Bank based in Texas has been fined $2 million by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) for “willfully violating” Anti-Money Laundering (AML) requirements of the Bank Secrecy Act including failing to obtain proper customer due… Read more >
Although all EU countries should have implemented the EU’s Fourth Anti-Money Laundering Directive (AMLD4) by June 2017, the European Commission is investigating 17 countries which did not put the newest directive into action on time. Ireland is one of these… Read more >
The Reserve Bank of India (RBI) has stated that the linking of bank accounts with Aadhaar, a 12-digit unique-identity number issued by the Unique Identification Authority of India (UIDAI) to all the residents of India based on their biometric and… Read more >
eSpear 2017 October Newsletter We are proud to announce the release of our October 2017 Newsletter. Our Newsletters will contain recent corporate updates and compliance news. Click here to view our Newsletter