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Charged Corruption, FinCEN Speech, the Value of Sanctions, 3rd Party Risk Management, and More

AML Conversations

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US Charges Russian National for Ransomware, FinCEN's Proposed Rules for Investment Advisors

The chapter covers the US charging a Russian national for operating lock-bit ransomware, detailing over 2,000 victims and $100 million in ransom payments. It also discusses the Department of State offering rewards for information on lock-bit group leaders, FinCEN's Andrea Gacki addressing regulatory gaps at SIFMA, and residential real estate proposals along with the corporate transparency act implementation issues.

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