Truth Technologies Inc. is happy to announce our future attendance at the FIBA 2024 AML Compliance Conference in Miami, FL. We're thrilled to be a part of this vibrant community of thought leaders, industry experts, and aspiring innovators. The Financial and International Business Association (FIBA) "is a non-profit trade association…
Vatican Cardinal Angelo Becciu Cardinal Giovanni Angelo Becciu was born in Pattada, Sassari, Italy, on June 2nd, 1948. On August 27th, 1972, Becciu became a priest. Pope Francis created and proclaimed Cardinal Becciu on June 28th, 2018. A Vatican cardinal is a senior ecclesiastical official within the Catholic Church whom…
The plea agreement(s) According to an article from Ballard Spahr, Binance Holdings Limited has agreed to plead guilty to violating the Bank Secrecy Act (BSA) by neglecting to uphold anti-money laundering cryptocurrency technology, not registering as a money service business (MSB), and lastly, by triggering violations of U.S. economic sanctions…
By Egide Thein, Founder Twenty-seven years ago, in November 1996, I incorporated Truth Technologies in Virginia. It resulted from professional experiences as a graduate of the Belgian Military Academy, Director of the Luxembourg Board of Economic Development, and spokesman for the European Union at the United Nations. It revealed insights…
Money laundering conspiracy & sanctions screening evasions John C. Unsalan, the president of Metalhouse LLC, has pleaded guilty to conspiracy to commit money laundering involving sanctions screening evasion. Unsalan formed Metalhouse LLC, a trading company that trades steel products and raw materials, in Florida in 2014. Unsalan has conducted transactions…
New sanctions It was reported last week that the U.S. had considered new sanctions on Iran. Today, the U.S. has implemented new sanctions to disrupt the funding of the Palestinian militant group Hamas. The U.S. Deputy Treasury Secretary Wally Adeyemo announced these sanctions in his remarks at the Royal United…
CVC mixing concerning CTF FinCEN introduced a Notice of Proposed Rulemaking (NPRM) designating international Convertible Virtual Currency Mixing (CVC mixing) as a primary concern for money laundering and terrorism financing (FinCEN). According to FinCEN, this NPRM addresses the global threat of illicit actors using CVC mixing services, proposing a rule…
Iran Sanctions On October 11th, Treasury Secretary Janet L. Yellen indicated that the U.S. may consider more Iran sanctions in response to the Hamas attack on Israel at a press conference in Marrakech, Morocco. This press conference was during the annual meetings of the International Monetary Fund and the World…
Shinhan Bank America Violates Bank Secrecy Act without the use of AML Compliance Program According to the Financial Crimes Enforcement Network (FinCEN), Shinhan Bank America (SHBA) violated the Bank Secrecy Act (BSA) by not maintaining an AML compliance program. FinCEN has announced a $15 million civil money penalty against SHBA…
Truth Technologies is happy to announce our future attendance at the CRCA Conference 2023 in the Cayman Islands. The Caribbean Regional Compliance Association (CRCA) is a not-for-profit regional forum. Their mission is to "influence, educate and expand in all matters that relate to compliance"(CRCA). During this two-day event, Truth Technologies…
Truth Technologies is an established, trusted provider of global risk compliance solutions. Our Sentinel application helps organizations meet their obligations for Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations. Read more about our company.
