- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The real estate sector has remained an Achilles’ heel in anti-money laundering efforts by U.S. officials. Concerns that all-cash purchases of residential properties may be used to hide and launder illicit assets has prompted the Financial Crimes Enforcement Network to demand that title insurance companies report the beneficial owners behind ...
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The United States’s progress on implementing the beneficial ownership information reporting requirements contained within the Corporate Transparency Act earned it praise from the intergovernmental Financial Action Task Force.
Kenya was one of two African countries included in the Financial Action Task Force’s latest update to its list of jurisdictions under increased monitoring for money laundering and terrorist financing, while the United Arab Emirates was among four countries removed.
Bulgaria is the latest country to be identified by the Financial Action Task Force as a jurisdiction under increased monitoring for money laundering and terrorist and proliferation financing.
