- Senate and House Intelligence committees investigating ties between Trump campaign officials and Russia have begun to receive access to financial data from the Treasury’s Financial Crimes Enforcement Network (FinCEN). [More information on what FinCEN does can be found on KI’s website here.]
- The White House is seeking to change a Senate bill imposing tough new sanctions on Russia so it doesn’t constrain the president’s authority to impose or waive sanctions.
- Bill Browder, London-based businessman who was investigated last year by the opposition research firm behind the so-called Trump dossier, will testify before the Senate Judiciary Committee next week.
- The Financial Action Task Force (FATF) has issued a list of nine countries that it says are not taking sufficient measures to combat money laundering and terrorist financing.
- “By endorsing [this act], we commit to ensuring that not only individual perpetrators but also companies benefitting from corruption can be held liable.” -Leaders of the G20, who have committed to make their public administrations more resilient against corruption.
- Russian Foreign Minister Lavrov said Moscow is considering taking measures against the U.S. in response to a decision by Obama to expel 35 Russian diplomats and close down two Russian-government-controlled compounds.
- The crackdown on Russian opposition leader Navalny’s election bid continues as one of his local coordinators is detained.
- Kazakh President Nazarbaev signed into law a measure that bars people without any prior government experience from running for president.
- Private sector involvement in the design and implementation of government sanctions would greatly improve the chances of those sanctions achieving their foreign policy objectives and help corporations avoid unnecessary compliance risks, according to a report from the Royal United Services Institute.
- JD Supra has an interview about the problem beneficial ownership continues to raise in the anti-corruption compliance space.