www.moneylaundering.com Open in urlscan Pro
34.74.183.116  Public Scan

Form analysis
1 forms found in the DOM

Name: ans_post — POST #

<form name="ans_post" method="post" action="#">
  <div class="col-md-12 col-lg-12 col-xs-12 col-sm-12">
    <div class="quiz_container">
      <div class="tab-text">
        <p>According to guidance jointly released by the FBI, Financial Crimes Enforcement Network and the Office of Foreign Assets Control, red flag indicators of timeshare fraud in Mexico include:</p>
      </div>
      <ul class="csQuiz">
        <li class="radio radio-primary radio_c">
          <input type="radio" name="option_value" id="option_value1949" class="option_value" value="1949">
          <label class="radio_bx_new" for="option_value1949">
            <span>A.</span> A customer suddenly begins sending an unusual amount of wire transfers to Mexican banks despite no previous related transaction activity. </label>
        </li>
        <li class="radio radio-primary radio_c">
          <input type="radio" name="option_value" id="option_value1950" class="option_value" value="1950">
          <label class="radio_bx_new" for="option_value1950">
            <span>B.</span> A customer is sending multiple, structured, or repetitive wire transfers to Mexican banks with the same memo line denoting “taxes” or “fees” about a timeshare. </label>
        </li>
        <li class="radio radio-primary radio_c">
          <input type="radio" name="option_value" id="option_value1951" class="option_value" value="1951">
          <label class="radio_bx_new" for="option_value1951">
            <span>C.</span> A counterparty in a transaction is a new, recently formed or registered Mexican company that has indicators of being a shell company. </label>
        </li>
        <li class="radio radio-primary radio_c">
          <input type="radio" name="option_value" id="option_value1952" class="option_value" value="1952">
          <label class="radio_bx_new" for="option_value1952">
            <span>D.</span> All of the above. </label>
        </li>
      </ul>
      <div class="button_box ml_auizz">
        <button type="button" class=" btn_acams" name="submit_res" id="submit_res">SUBMIT ANSWER</button>
        <a class="font16" href="https://www.moneylaundering.com/aml-quizzes/">View all quizzes</a>
      </div>
    </div>
  </div>
  <div id="quiz_results"></div>
</form>

Text Content

 * Sign In
   * Sign In
   * Forgot Password
 * Learn More

 * 
 * * Sign In
   * Forgot Password

Toggle navigation
 * Home
 * Legs & Regs
 * News
 * Enforcement Actions
 * Countries/Regions



With Beneficial Ownership Deadline Approaching, Huge Reporting Gap Emerges

With Beneficial Ownership Deadline Approaching,
Huge Reporting Gap EmergesPhoto by Getty Images

Inspector General Criticizes FinCEN

Inspector General Criticizes FinCEN
Photo by Getty Images

UN Humanitarian Transactions Carveout on Life Support

UN Humanitarian Transactions Carveout on Life SupportPhoto by Getty Images






MORE NEWS



After Contested Election, US Banks Should Anticipate New Sanctions Against
Venezuela

By Chelsea Carrick

Venezuelan President Nicolas Maduro's refusal to have his questionable electoral
victory last month independently verified could lead the U.S. government to
impose new, targeted sanctions on the country's government or energy industry,
analysts told ACAMS moneylaundering.com.
August 19, 2024

Weekly Roundup: Kim Dotcom Faces US Extradition, Bankers Charged in Singapore,
and More

Las Vegas casino breached AML rules, Binance returns to India, and more
August 16, 2024

With Beneficial Ownership Deadline Approaching, Huge Reporting Gap Emerges

By Fred Williams

Only a minority of the tens of millions of legal entities required to identify
their day-to-day controllers or anyone who holds at least 25 percent of their
shares to the U.S. government by the turn of the year have done so, a federal
official told ACAMS moneylaundering.com.
August 15, 2024

Midweek Roundup: Iran Central Bank Cyber-attacked, Third-Party Databases Aid
Authoritarians, and More

Russia importing billions of dollars and euros, Labour may prioritize
anti-financial crime enforcement, and more, in the midweek roundup.
August 14, 2024

In Britain, Budget Shortfall, Subpar AML Enforcement Stare Down New Government

By Koos Couvée

Britain's new Labour government, which ousted the long-ruling Conservative party
in a landslide general election victory on July 4, gave financial crime watchers
little to chew on when unveiling its legislative priorities last month.
August 14, 2024



ENFORCEMENT ACTIONS



Finra Fines American Portfolios Financial Services, Inc. $225,000 for BSA,
Securities Act Noncompliance

The Financial Industry Regulatory Authority shared a letter of acceptance,
waiver, and consent that was entered into with the Holbrook, NY-based securities
firm to resolve several regulatory shortcomings.
 * Original
 * |
 * Brief

August 15, 2024

RBI Fines Hinduja Leyland Finance Limited ₹4.9 Lakh for KYC Failures

The Reserve Bank of India penalized the Chennai, India-based bank for failure to
fully comply with know your customer obligations.
 * Original
 * |
 * Brief

August 16, 2024

RBI Fines Bank of Maharashtra ₹12.7 Million for KYC, Other Regulatory Failures

 * Original
 * |
 * Brief

August 16, 2024

Fed: SNB Bancshares, Inc., Bank of Eufaula Agree to Enhance Internal Controls,
Address Deficiencies

 * Original
 * |
 * Brief

August 7, 2024

Fed Orders Heritage Bancshares Group, Inc., Parent Company to Support Subsidiary
Bank

 * Original
 * |
 * Brief

August 6, 2024


LEGS & REGS



EU, India Work to Strengthen Counterterrorism Cooperation

The European External Action Service announced an upcoming conference
co-organized with the government of India and the Global Counter Terrorism
Council on strengthening extremist groups’ use of online platforms.


 * Original
 * |
 * Brief

August 19, 2024

FINTRAC Issues Amended Guidance on Submitting STRs

The Financial Transactions and Reports Centre of Canada issued an updated
guidance with respect to regulatory obligations to submit suspicious transaction
reports on possible sanctions evasion.


 * Original
 * |
 * Brief

August 19, 2024


EU High Representative Marks Four Years Since Poisoning of Alexei Navalny

The High Representative of the European Union for Foreign Affairs and Security
Policy issued a statement to mark four years since the assassination attempt of
Russian opposition politician Alexei Navalny in Russia by using a toxic nerve
agent.


 * Original
 * |
 * Brief

August 19, 2024

PBC Hosts Fifth Meeting of China-US Financial Working Group

The People’s Bank of China announced that the fifth meeting of the China-US
Financial Working Group was held in Shanghai on Aug. 15 and Aug. 16, 2024, and
it included discussions on anti-money laundering and counterterrorist financing
cooperation.


 * Original
 * |
 * Brief

August 19, 2024

   
 * From the Editor
 * Sanctions Space
 * Conferences
 * Test Your AML IQ

Financial Crime Matters: Former Compliance Officer Discusses Short Tenure at
Binance.US

August 12, 2024

In this episode of Financial Crime Matters, Kieran Beer, editor in chief of
ACAMS moneylaundering.com and Christina Rea, former head of compliance at
Binance.US, review Rea’s brief stint at the cryptocurrency trading platform.

              

Gavin Coles and Kylie Oliver on the Australian Sanctions Perspective

August 1, 2024

‘As the other core markets for Russia are closing down and tightening the grip,
they’re looking for other mechanisms. And we may be seen as an easier mechanism
because we haven’t had the benefit of the learnings of the European and the
American banks, where they have been really having to grapple with this on a
day-to-day basis. We’re now really having to turn our attention to that indirect
risk.’ -Kylie Oliver on sanctions risks in Australia.

The Assembly Las Vegas

DATE: 09/23/24 - 09/25/24
LOCATION: Aria Resort & Casino, 3730 Las Vegas Boulevard South
Las Vegas, NV 89158 United States
View Events Calendar

According to guidance jointly released by the FBI, Financial Crimes Enforcement
Network and the Office of Foreign Assets Control, red flag indicators of
timeshare fraud in Mexico include:

 * A. A customer suddenly begins sending an unusual amount of wire transfers to
   Mexican banks despite no previous related transaction activity.
 * B. A customer is sending multiple, structured, or repetitive wire transfers
   to Mexican banks with the same memo line denoting “taxes” or “fees” about a
   timeshare.
 * C. A counterparty in a transaction is a new, recently formed or registered
   Mexican company that has indicators of being a shell company.
 * D. All of the above.

SUBMIT ANSWER View all quizzes


MORE NEWS



After Contested Election, US Banks Should Anticipate New Sanctions Against
Venezuela

By Chelsea Carrick

Venezuelan President Nicolas Maduro's refusal to have his questionable electoral
victory last month independently verified could lead the U.S. government to
impose new, targeted sanctions on the country's government or energy industry,
analysts told ACAMS moneylaundering.com.
August 19, 2024

Weekly Roundup: Kim Dotcom Faces US Extradition, Bankers Charged in Singapore,
and More

Las Vegas casino breached AML rules, Binance returns to India, and more
August 16, 2024

With Beneficial Ownership Deadline Approaching, Huge Reporting Gap Emerges

By Fred Williams

Only a minority of the tens of millions of legal entities required to identify
their day-to-day controllers or anyone who holds at least 25 percent of their
shares to the U.S. government by the turn of the year have done so, a federal
official told ACAMS moneylaundering.com.
August 15, 2024

Midweek Roundup: Iran Central Bank Cyber-attacked, Third-Party Databases Aid
Authoritarians, and More

Russia importing billions of dollars and euros, Labour may prioritize
anti-financial crime enforcement, and more, in the midweek roundup.
August 14, 2024

In Britain, Budget Shortfall, Subpar AML Enforcement Stare Down New Government

By Koos Couvée

Britain's new Labour government, which ousted the long-ruling Conservative party
in a landslide general election victory on July 4, gave financial crime watchers
little to chew on when unveiling its legislative priorities last month.
August 14, 2024




ENFORCEMENT ACTIONS



Finra Fines American Portfolios Financial Services, Inc. $225,000 for BSA,
Securities Act Noncompliance

The Financial Industry Regulatory Authority shared a letter of acceptance,
waiver, and consent that was entered into with the Holbrook, NY-based securities
firm to resolve several regulatory shortcomings.
 * Original
 * |
 * Brief

August 15, 2024

RBI Fines Hinduja Leyland Finance Limited ₹4.9 Lakh for KYC Failures

The Reserve Bank of India penalized the Chennai, India-based bank for failure to
fully comply with know your customer obligations.
 * Original
 * |
 * Brief

August 16, 2024

RBI Fines Bank of Maharashtra ₹12.7 Million for KYC, Other Regulatory Failures

 * Original
 * |
 * Brief

August 16, 2024

Fed: SNB Bancshares, Inc., Bank of Eufaula Agree to Enhance Internal Controls,
Address Deficiencies

 * Original
 * |
 * Brief

August 7, 2024

Fed Orders Heritage Bancshares Group, Inc., Parent Company to Support Subsidiary
Bank

 * Original
 * |
 * Brief

August 6, 2024
 * Home
 * About Us
 * Contact Us
 * Advertise
 * Feedback

© 2024 ACAMS LLC. All Rights Reserved.

Terms of UsePrivacyLegalCookie PolicyCookie Preference Center Do not sell my
personal data
Powered by OneTrust




By clicking “Accept All Cookies”, you agree to the storing of cookies on your
device to enhance site navigation, analyze site usage, and assist in our
marketing efforts. For more information, please see our Privacy Policy

Cookies Settings Reject All Accept All Cookies



PRIVACY PREFERENCE CENTER

When you visit any website, it may store or retrieve information on your
browser, mostly in the form of cookies. This information might be about you,
your preferences or your device and is mostly used to make the site work as you
expect it to. The information does not usually directly identify you, but it can
give you a more personalized web experience. Because we respect your right to
privacy, you can choose not to allow some types of cookies. Click on the
different category headings to find out more and change our default settings.
However, blocking some types of cookies may impact your experience of the site
and the services we are able to offer.
More information
Allow All


MANAGE CONSENT PREFERENCES

PERFORMANCE COOKIES

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us to know which pages are the
most and least popular and see how visitors move around the site. All
information these cookies collect is aggregated and therefore anonymous. If you
do not allow these cookies we will not know when you have visited our site, and
will not be able to monitor its performance.

TARGETING COOKIES

Targeting Cookies

These cookies may be set through our site by our advertising partners. They may
be used by those companies to build a profile of your interests and show you
relevant adverts on other sites. They do not store directly personal
information, but are based on uniquely identifying your browser and internet
device. If you do not allow these cookies, you will experience less targeted
advertising.

FUNCTIONAL COOKIES

Functional Cookies

These cookies enable the website to provide enhanced functionality and
personalisation. They may be set by us or by third party providers whose
services we have added to our pages. If you do not allow these cookies then some
or all of these services may not function properly.

STRICTLY NECESSARY COOKIES

Always Active

These cookies are necessary for the website to function and cannot be switched
off in our systems. They are usually only set in response to actions made by you
which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the site will not then work.
These cookies do not store any personally identifiable information.

Back Button


COOKIE LIST



Search Icon
Filter Icon

Clear
checkbox label label
Apply Cancel
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label

Confirm My Choices