An Overview of the Use of Cryptocurrencies in Terrorism Funding

On 21 September, the Coinbase Blog carried a post provided the results of a data study providing a holistic overview of terror funding using cryptocurrencies across the entire industry and is not limited to Coinbase.

US Charges 138 Medical Workers for $1.4 Billion Fraud

On 23 September, OCCRP reported that the DoJ had announced criminal charges against 138 doctors, nurses and licensed medical professionals for their alleged involvement in fraud schemes worth around $1.4 billion.  The charges relate to fraudulent claims in telemedicine — medical services offered online, “sober homes”, COVID-19-related fraud and opioid distribution schemes.  It also explains that “sober homes” are places that provide safe housing and supportive living conditions to people exiting drug rehabilitation programmes, some of the suspects are charged with subjecting patients to unnecessary and expensive medical testing and therapy sessions worth thousands of dollars.

UK: FCA Issues New Guidance on Countering Financial Crime

On 24 September, the EU Sanctions blog reported that the latest edition of the FCA Handbook includes a chapter on sanctions and asset freezes and provides self-assessment questions and examples of good and poor practice to assist firms in understanding and implementing the recommendations it makes.

US Treasury Issues General Licenses and Guidance to Facilitate Humanitarian Assistance in Afghanistan

On 24 September, the US Treasury announced that new General Licenses by OFAC to support the continued flow of humanitarian assistance to the people of Afghanistan and other activities that support basic human needs in Afghanistan.  It also issued 4 FAQ to explain the use of the General Licenses 14 and 15.