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Human Trafficking & Slave Labor › Money Laundering

Hard to imagine that human trafficking and slavery still exists today, and yet they do. Here's a look legal developments in the important fight against what President Barack Obama has described as "one... more +
Hard to imagine that human trafficking and slavery still exists today, and yet they do. Here's a look legal developments in the important fight against what President Barack Obama has described as "one of the great human rights causes of our time..." less -
Hogan Lovells

The Fall of POGOs: Behind the facade of legality in the Philippines offshore gaming space

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Representing a fall from grace for an industry that was once seen as key to boosting economic revenue for the Philippines, President Ferdinand Marcos Jr. in July announced a ban on all Philippine Offshore Gaming Operators...more

Cozen O'Connor

Utah AG Alleges TikTok LIVE Facilitates Payments for Illegal Activity with Virtual Currency

Cozen O'Connor on

Utah AG Sean Reyes has filed a lawsuit against TikTok Inc. alleging that it violated state consumer protection laws by designing its livestream feature—TikTok LIVE—in a manner that facilitates the use of virtual currency for...more

A&O Shearman

Supply chains and UK money laundering considerations

A&O Shearman on

A recent English court ruling has shed light on the approach of UK enforcement authorities to the question of money laundering risks where there is potential forced labour / modern slavery in a supply chain. The ruling will...more

Orrick, Herrington & Sutcliffe LLP

FinCEN offers suspicious activity reporting guidance for human smuggling along U.S.- Mexico border

Orrick, Herrington & Sutcliffe LLP on

On January 13, the Financial Crimes Enforcement Network (FinCEN) issued an alert advising financial institutions on how to detect and report suspicious financial activity that may be related to human smuggling along the...more

White & Case LLP

Corporate Liability for Terrorist Financing

White & Case LLP on

Terrorist financing comes at a price – and in the case of a global building supplies manufacturer that has pleaded guilty in a US court to making payments to terrorist organisations, that price is USD 778 million in fines and...more

Holland & Knight LLP

FinCEN Announces National AML/CFT Policy Priorities

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The Financial Crimes Enforcement Network (FinCEN) on June 30, 2021, issued national priorities for anti-money laundering (AML) and countering the financing of terrorism (CFT) policy (the Priorities), as required by the...more

Thomas Fox - Compliance Evangelist

Unknown Knowns and Priorities of AML

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Donald Rumsfeld died yesterday. When the definitive history of the 21st century is written, no one man may play a more central role than Rumsfeld. The reason? He led America into its disastrous war in Iraq. Not only was the...more

Ballard Spahr LLP

Congress Tasks GAO to Study the Intersection of Money Laundering and Humanitarian Issues:  Human Trafficking and De-Risking

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Fifth Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime - As we have blogged, the Anti-Money Laundering Act of 2020 (“AMLA”) makes major changes to the Bank Secrecy Act (“BSA”) and the U.S....more

Ballard Spahr LLP

FinCEN Issues Advisory on Human Trafficking

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Advisory Suggests that COVID-19 Pandemic Exacerbates Conditions Contributing to Trafficking - The Financial Crimes Enforcement Network (“FinCEN”) recently issued an Advisory on Identifying and Reporting Human Trafficking and...more

Foodman CPAs & Advisors

What is Next after BSA turns 50?

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On 2/6/2020, the U.S. Department of the Treasury issued the 2020 National Strategy for Combating Terrorist and Other Illicit Financing (2020 Strategy).  The purpose of the 2020 Strategy is to...more

Ballard Spahr LLP

Recent FATF Report Provides New Guidance for Identifying Money Laundering Related to Human Trafficking

Ballard Spahr LLP on

According to the Financial Flow from Human Trafficking report recently published by the Financial Action Task Force (“FATF”) and the Asia/Pacific Group on Money Laundering, human trafficking is estimated to generate $150.2...more

Ballard Spahr LLP

Stemming Human Trafficking with AML/CFT Controls

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Banks stand to advance the fight against human trafficking and modern slavery by reporting suspicious transactions and other financial activity that raise red flags, according to a report on March 15, 2017. Published by the...more

Locke Lord LLP

Data Privacy and Passenger Name Records - MEPs Approve EU Rules With Data Protection Safeguards

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Draft EU rules on sharing and protecting Passenger Name Record (PNR) data of people flying to or from the EU, were approved by the Civil Liberties Committee on 15 July 2015. Once passed into law, this data will be collected...more

Baker Donelson

Man Convicted of Forcing Foreign Nurses to Work in U.S. Nursing Homes

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A Colorado businessman was convicted last month by a federal jury in Denver on 89 counts including mail fraud, visa fraud, human trafficking and money laundering....more

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