JD Supra

Fine Art › Anti-Money Laundering

On February 4, 2022, the US Department of the Treasury (the Treasury) released the “Study of the Facilitation of Money Laundering and Terror Finance through the ...
Washington Times

Treasury identifies hundreds of billions in likely Chinese money-laundering

Chinese nationals engaged in extensive money-laundering operations in the U.S., moving a suspected $312 billion in illicit cash over the past five years, the Treasury Department revealed Thursday. The ...
Boston Herald

The Treasury Department wants US banks to monitor for suspected Chinese money laundering networks

WASHINGTON (AP) — The Treasury Department wants U.S. financial institutions to monitor for suspected Chinese money laundering networks handling funds that are used to fuel the flood of fentanyl across ...
Bloomberg L.P.

Treasury Warns Banks About China-Mexico Money Laundering Risks

The US Treasury has issued a fresh warning for banks to be on the lookout for Mexican drug cartels that use Chinese money-laundering networks to hide their profits. The Treasury’s Financial Crimes ...
JD Supra

Fine Art › BSA/AML › Anti-Money Laundering

In July, the U.S. Senate introduced the Art Market Integrity Act (AMIA), legislation that would require art dealers and auction houses to comply with anti-money ...