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Statement By Andrea M. Gacki Financial Crimes Enforcement Network United States Department Of The Treasury Before The Committee On Financial Services, U.S. House of Representatives, February 14, 2024

Date 14/02/2024

Introduction

Chairman McHenry, Ranking Member Waters, and distinguished Members of the Committee, thank you for the opportunity to testify this morning on behalf of the Financial Crimes Enforcement Network (FinCEN). My name is Andrea Gacki, and I am the Director of FinCEN. This is my first time testifying before the Committee since I joined FinCEN last September, and I want to say at the outset how much I appreciate the support of this Committee in our collective efforts to combat illicit financial activity. I look forward to our continued work together.

Intercontinental Exchange Chief Financial Officer Warren Gardiner To Present At The UBS Financial Services Conference On February 28

Date 14/02/2024

Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, announced today that Warren Gardiner, ICE’s Chief Financial Officer, will present at the UBS Financial Services Conference. The presentation will take place on Wednesday, February 28 at 12:10 p.m. ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/.

CME Group Inc. Reports Fourth-Quarter And Full-Year 2023 Financial Results

Date 14/02/2024

• Strongest Year in Company History with Interest Rate Products Driving Record Annual Average Daily Volume and Revenue

Testimony Of US Under Secretary For Terrorism And Financial Intelligence Brian Nelson Before The Committee On Financial Services, U.S. House Of Representatives

Date 14/02/2024

Good morning, Chair and Ranking Member, and distinguished members of the committee. Thank you for the opportunity to speak with you once again.  Since I was last here, the Treasury Department's Office of Terrorism & Financial Intelligence (“TFI”) has made important strides on anti-money laundering and countering the financing of terrorism (“AML/CFT”) and safeguarding the United States and international financial systems.  Today, I would like to discuss the threats to the U.S. financial system, as well as the approaches that we are taking in countering threats abroad and closer to home. 

Developments In Maritime Finance & Maritime Financial Centres

Date 14/02/2024

The maritime sector is a critical part of the global economy which facilitates up to 90% of global trade. Maritime financial centres – the clusters of interlinked businesses, organisations, and agencies that support maritime activity, are vital for national and regional economies, and drive growth and employment throughout the supply chain.

BaFin Warns Consumers About The Website capitalmgm.com

Date 14/02/2024

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website capitalmgm.com. According to information available to BaFin, the operator is providing financial and investment services on this website without the required authorisation.

Goldman Sachs Achieves Over 99% Same Day Affirmation Rate And A Significant Improvement In Settlement Rates Leveraging DTCC’s CTM Match To Instruct Workflow - Improving Affirmation Timeliness And Reducing Settlement Fails Are Key, As The Industry Sets Its Sights On A U.S. Move To T+1 In May 2024

Date 14/02/2024

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that Goldman Sachs & Co. LLC has achieved a greater than 99% same day affirmation rate and a significant improvement in settlement rates for transactions leveraging CTM’s Match to Instruct (M2i) workflow in Q4 2023. In addition, Goldman Sachs was able to achieve a 38% reduction in same-day affirmation exceptions and a 64% reduction in US settlement fails by value, when matching and affirming trades with investment manager counterparties who also use CTM’s M2i.

Fiserv Expands In-Person Bill Payment Network To NCR Atleos ATMs - Consumers Will Be Able To Pay Utility, Phone, Cable And Other Bills In Cash In Person At ATMs At Leading U.S. Retailers

Date 14/02/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial technology solutions, is expanding its CheckFreePay® network for in-person bill payment to include the ATM network of NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding financial access for financial institutions, retailers and consumers. Cash-preferred consumers will be able to pay a wide array of household bills simply and securely at thousands of ATM locations, including at top 10 U.S. retailers, grocery stores, convenience stores and pharmacies.

UK Financial Conduct Authority: Four Men Under Investigation On Suspicion Of Multiple Offences

Date 14/02/2024

On 1 February 2024, the FCA working with the National Crime Agency (NCA) conducted a major operation to arrest 3 London based individuals on suspicion of insider dealing, conspiracy to insider deal and money laundering linked to organised crime.

Moscow Exchange: Updated Constituents List For OFZ Zero Coupon Yield Curve To Come Into Force On 15 February 2024

Date 14/02/2024

On 15 February 2024, the following updated constituents list for OFZ Zero Coupon Yield Curve will come into force.