Fintech / Regtech

New Zealand FMA Joins Global Financial Innovation Network

17/09/2024

The FMA said GFIN will provide it greater opportunities to collaborate with other regulators and work on topics such as AI and tokenisation.

AML / KYC

US OCC Imposes Restrictions on Wells Fargo for AML Deficiencies

17/09/2024

The OCC requires Wells Fargo to address deficiencies and seek prior written approval before launching new products or services or entering new geographies.

Sanctions

EU Seeking Greater Certainty on Russia Sanctions Renewal Process

16/09/2024

The current process requires a unanimous vote from all EU member states every 6 months to renew the sanctions on Russia.

Sanctions

Australia Sanctions Five Iranians Over “Violent Repression” of Protests

16/09/2024

The sanctions mark the second anniversary of the death of Mahsa Jina Amini, who was arrested for “improperly” wearing her hijab and died in custody.

Sanctions

US Issues New Sanctions Targeting Russian Influence Operations

16/09/2024

The new sanctions target media group Rossiya Segodnya and others connected to Russian state media RT and its “malign influence efforts”.

Enforcement

UK Set to Launch Office of Trade Sanctions Implementation

16/09/2024

The office will be responsible for the civil enforcement of certain trade sanctions as they relate to UK services and overseas trade with a UK nexus.

Hong Kong Signs Anti-Corruption MoUs with Maldives, Indonesia

13/09/2024

Cooperation between the ICAC and the anti-corruption agencies of Maldives and Indonesia will cover information exchange, training and other collaborations.

AML / KYC

Korea Offering Rewards for Self-Reporting of Fraud Crimes

13/09/2024

The National Police Agency said those who self-report fraud crimes will be considered for more lenient sentencing as well as monetary rewards.

Sanctions

US Imposes Sanctions on Venezuelan Officials Over “Electoral Fraud”

13/09/2024

The sanctions target 16 Venezuelan officials aligned with Nicolas Maduro for obstructing fair elections and violating the rights of the Venezuelan people.