AML / KYC

US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack

19/04/2022

OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.

Enhancements to HK Personal Loan Guarantee Scheme Take Effect

19/04/2022

The maximum loan amount per borrower under the 100% Personal Loan Guarantee Scheme is increased. The maximum repayment period and principal moratorium arrangement are extended.

AML / KYC

CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape

18/04/2022

“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.

AML / KYC

NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case

18/04/2022

Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.

AML / KYC

AIST Seeks Clarity on SoF, SoW Expectations for Super Funds

18/04/2022

AIST is asking AUSTRAC to recognise that super funds are presented with lower risks than other reporting entities, and to align its expectations for SoF and SoW checks accordingly.

Capital / Liquidity

UK Regulators Warn Banks Against ‘Gaming the Rules’

18/04/2022

The warning is reportedly directed at Barclays, the only UK lender that used its pension scheme for capital arbitrage transactions in recent years.

AML / KYC

HKMA Asks Banks to Help Reactivate Dormant Mainland Accounts

18/04/2022

Hong Kong customers are facing difficulties reactivating their Mainland accounts due to travel restrictions preventing them from visiting the banks’ branches in person.

AML / KYC

FinCEN Issues Guidance on Detecting Foreign Public Corruption

17/04/2022

The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.

Enforcement

SEBI Fines BSE, NSE for Failure to Detect Karvy Fraud

17/04/2022

Karvy Stock Broking misused INR 23 billion worth of securities belonging to more than 95,000 clients, pledging them with 8 banks to raise INR 8.5 billion for its own use.