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Speakers at this groundbreaking training event include OFAC Associate Director for Sanctions Policy and Implementation Lisa Palluconi, United States Senate Committee on Banking, Housing, and Urban Affairs, Policy Director Colin McGinnis and Minister for South Asia and the Commonwealth, UK Foreign, Commonwealth Development Office (FCDO) Lord Ahmad
As part of its ongoing effort to help compliance professionals navigate an increasingly complex regulatory landscape, ACAMS will host its
Inaugural Global Sanctions Space Summit beginning on March 2. This two-day, fully virtual event will bring together more than 50 high-level officials and subject-matter experts from around the world to discuss the challenges posed by the evolving scope of economic sanctions lists, including prohibitions on entities facilitating human rights abuses, the proliferation of weapons of mass destruction, terrorist financing and cybercrimes.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Adtalem Global Education Announces Second Quarter Fiscal 2021 Conference Call
January 20, 2021 GMT
CHICAGO (BUSINESS WIRE) Jan 20, 2021
Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider, announced today it will hold a conference call to discuss its fiscal 2021 second quarter results on Tuesday, Feb. 2, 2021, at 4 p.m. CT (5 p.m. ET). The conference call will be led by Lisa Wardell, chairman and chief executive officer, and Mike Randolfi, senior vice president and chief financial officer.
For those participating by telephone, dial 877-407-6184 (United States) or +1 201-389-0877 (outside the United States) and request the “Adtalem Call” or use conference ID: 13714067. Adtalem will also broadcast the conference call live on the web at: https://78449.themediaframe.com/dataconf/productusers/age/mediaframe/42472/indexl.html.
By Aaron Nicodemus2021-01-20T22:04:00+00:00
A November executive order by former President Donald Trump banning U.S. investment in companies with ties to the Chinese military has proven difficult for compliance officers to navigate.
On the surface, the order seems straightforward: starting Jan. 11, U.S. investors are barred from investing in the named entities; by Nov. 11, American investors must divest from any stake in the blacklisted companies.
But complying with the order has proven problematic for a number of reasons.
For one, a week before he left office, Trump added eight more companies to the blacklist, bringing the total named entities to 44. The Office of Foreign Assets Control (OFAC) advised the New York Stock Exchange (NYSE) the blacklist includes China Mobile, China Telecom, and China Unicom (Hong Kong) Ltd., which were not included on the original list of blacklisted companies.
By Aaron Nicodemus2021-01-19T19:25:00+00:00
Congress has ordered a reassessment of the Bank Secrecy Act anti-money laundering (AML) program as part of the National Defense Authorization Act (NDAA) for Fiscal Year 2021 (H.R.6395).
The bill includes a “formal review” of BSA rules regarding the filing of suspicious activity reports (SARs) by financial institutions. Also included are separate AML provisions that pull back the veil on anonymous shell corporations and establish a BSA whistleblower program with financial rewards for tipsters whose information leads to a conviction.
In an ideal world, the U.S. Treasury and the Financial Crimes Enforcement Network (FinCEN) use the information gleaned from SARs to either launch investigations into criminal activity like money laundering or hand off the information contained in the reports to agencies better suited to handle them. For example, FinCEN regularly refers information collected in SARs regarding tax evasion to the Internal Re
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The continuing modernization and digitization of the financial services industry made easier access to financial services more available to everyone, but it also has created the opportunity for illicit actors to concoct more complex, digitized crimes.
In an interview with Thomson Reuters Regulatory Intelligence, Rick McDonell, executive director of the Association of Certified Anti-Money Laundering Specialists (ACAMS), discusses this crucial development and notes how important it is for financial institutions to ensure that their compliance departments and officers are properly trained to detect this new strain of financial crime.