Today, July 17, 2024, the Securities and Exchange Commission announced an award of more than $37 million to a whistleblower who provided information not previously known to the SEC and which significantly contributed to a successful enforcement action. The...
International
IRS Enhances FATCA Registration Website By Requiring Users To Authenticate Their Identities
3 min read
Today, July 17, 2024, the Internal Revenue Service announced that it will enhance the identity authentication process that financial institutions can use to register under the Foreign Account Tax Compliance Act (FATCA). Taxpayers as of July 14 are required...
Caymanian Arrested In Florida For Murdering A 64-Year-Old Woman In An Argument Over Money
2 min read
The Hillsborough County Sheriff’s Office said yesterday, July 15, 2024, that 53-year-old Cris Jennings, who is a Caymanian, was arrested this week for the murder of 64-year-old Valerie Dandrea. According to the Sheriff’s Office, Jennings confessed to the murder,...
By Alric Lindsay According to an FBI update today, July 14, 2024, the FBI “has identified Thomas Matthew Crooks, 20, of Bethel Park, Pennsylvania, as the subject involved in the assassination attempt of former President Donald Trump on July...
Today, July 10, 2024, the Board of Governors said that Citigroup was ordered to pay a civil money penalty of $60,625,620 for various violations involving deficiencies. Citigroup agreed to the payment without making any admissions. According to the Federal...
In a semi-annual monetary policy report to the United States Congress dated July 9, 2024, the Federal Reserve Chairperson Jerome Powell noted that the Fed’s “inflation goals are coming into better balance.” While stakeholders expected this “better balance” would...
Today, July 1, 2024, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned a Mexico-based money launderer and China-based members of a money laundering organization with criminal links to the Sinaloa Cartel as part of...
Jamaica Removed From FATF Grey List. Revised Criteria Will Apply For Grey & Black Listing
6 min read
At the conclusion of the sixth and final Plenary of the Financial Action Task Force (FATF) under the Presidency of T. Raja Kumar of Singapore today, June 28, 2024, the FATF announced the removal of Jamaica and Turkey from...
The sixth Financial Action Task Force (FATF) Plenary under the two-year Singapore Presidency of T. Raja Kumar will take place in Singapore on 26-28 June and will conclude FATF Week which starts on 23 June. Delegates representing more than 200 members...