Category: Anti money laundering

LOUISVILLE, Ky. – United States District Court Judge Claria Horn Boom today sentenced Dante Watts, 49, of Louisville, Kentucky, to 34 years in federal prison. These followed by a life term of Supervised Release for conspiracy to distribute controlled substances and money laundering, announced Acting United States Attorney Michael A. Bennett.  On December 20, 2019, a federal jury convicted and returned guilty verdicts following almost two weeks of testimony.  There is no parole in the federal system.  [Read more]

The Civil Liberties and Economic Affairs committees discussed this afternoon a plan to establish an EU Authority for fighting money-laundering and terrorist financing. [Read more]

The U.S. Department of the Treasury , on May 13, 2022, published its 2022 National Illicit Finance Strategy (the 2022 Strategy)—a comprehensive statement of the agency’s key priorities, goals, and plans for safeguarding the U.S. financial system against illicit activity in order to “strengthen national security and prosperity.” The 2022 Strategy breaks little new substantive ground, addressing risks, concerns, and objectives Treasury has previously identified, including those in the March 2022 Anti-Money Laundering, Terrorist Financing, and Proliferation Financing Risk Assessments, as well as in recent statements by senior policymakers. Nevertheless, it provides a useful compendium for the financial industry and summary of the regulatory landscape in the near term. [Read more]

The U.S. is the top destination for stashing and laundering money illegally, according to a new report from a pro-tax advocacy group. [Read more]