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Treasury Report:  No Immediate Need for BSA Regulations for the Art Industry

But AML Concerns Linger As To “High End” Art and NFTs - On February 4, 2022, the U.S. Department of the Treasury published a study (the “Study”) on the facilitation of money laundering (“ML”) and terrorist financing (“TF”)...more

28 North Korean and 5 Chinese Bankers Accused of a $2.5 Billion Laundering Scheme

Indictment Again Highlights the Role of Correspondent Banking in Money Laundering - On May 28, 2020, the U.S. Department of Justice (“DOJ”) unsealed a 50-page indictment against 28 North Korean and 5 Chinese bankers...more

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