PEPs & Sanctions

US Commerce Dept Fines Materials Supplier for Exports to Russia

29/12/2024

Indium shipped solder materials used in electronics manufacturing to Russia on 11 occasions between April 2022 and March 2023

PEPs & Sanctions

EU Preparing Sanctions Over Attack on Undersea Power Cable

29/12/2024

Separately, Russia has declared a federal state of emergency in response to the ongoing oil spill in the Black Sea.

Anti-Money Laundering

OCC Issues Order Requiring BofA to Fix AML Deficiencies

28/12/2024

The order requires BofA to obtain OCC approval to launch new products or services that present high money laundering or sanctions risk.

Anti-Money Laundering

1MDB Files Suit Against Corporate Service Provider Amicorp

28/12/2024

1MDB alleges HK-headquartered Amicorp used shell companies and fraudulent financial structures to facilitate the misappropriation of assets.

Anti-Money Laundering

AUSTRAC Publishes Unofficial “Future” Version of AML Act

28/12/2024

The document does not have legal effect but aims to help reporting entities understand the effect of the amendments passed in November.

Supervision & Enforcement

SFC Imposes Fine and Lifetime Ban Against Fund Manager

28/12/2024

The SFC said the former fund manager’s removal from the industry is “necessary to protect the investing public”.

Custody & Infrastructure

Thailand Grants Second Digital Asset Custodian Licence

28/12/2024

The digital asset custodian licence was granted to Rakkar, part of SCBX Group’s venture capital arm.

Reporting & Disclosures

SEBI Defers Key ESG Reporting Deadline by One Year

28/12/2024

The BRSR Core reporting deadline is deferred by one year until fiscal year 2025-2026 for value chain disclosures and assurance.

Anti-Money Laundering

FATF Publishes Six Mutual Evaluation, Four Follow-up Reports

28/12/2024

New reports available for Marshall Islands, Nauru, Timor Leste, PNG, Oman, Argentina, Georgia, Monaco, Croatia, Poland