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Enforcement
Enforcement
Indian Authorities Probe Aviva for Alleged Tax Evasion – Report
By Ajoy K Das | 17/11/2023
Inspectors from the Directorate General of GST Intelligence seized laptops from Aviva and questioned some of its top officials.
Enforcement
EU Reaches Provisional Agreement on Environmental Crime Directive
By Mark Johnston | 17/11/2023
The revised directive replaces the 2008 version, which was found to have a limited effect with sanction levels that were too low.
Enforcement
OFAC Sanctions UAE Companies, Vessels for Trading Russian Oil
By Editors | 17/11/2023
Latest OFAC action meant to strengthen enforcement of the G7 oil-price cap as Russia continues to profit from oil exports.
Enforcement
SFC Obtains Orders Against Ex-Chairman for Fraudulent Share Scheme
By Mark Johnston | 16/11/2023
Former chairman disqualified for 10 years from holding any directorial or managerial position in Hong Kong and fined for fraudulent share scheme.
Enforcement
ASIC is Targeting Misconduct in Superannuation Sector
By Sanday Chongo Kabange | 16/11/2023
ASIC says it will take strong, targeted enforcement action in relation to “member services failures in the super sector”.
Enforcement
RBI Takes First Action Against Non-Compliance With Digital Lending Guidelines
By Ajoy K Das | 16/11/2023
The RBI said Bajaj Finance did not issue the Key Fact Statements to borrowers as required under its digital lending guidelines issued in September 2022.
AML / KYC
China Issues Draft Rules Promising Strict Penalties for Fraudsters
By Editors | 16/11/2023
Individuals who commit fraud can have their bank accounts and communication services suspended, and their offences included in the national financial credit information base.
AML / KYC
Taiwan Crypto Exchange Caught in Money Laundering Probe
By Editors | 16/11/2023
Crypto exchange Bitgin is under investigation and its chief operating officer has been arrested for his alleged ties to a money laundering network.
Enforcement
US, UK Tout “Enhanced Partnership” on Sanctions
By Editors | 16/11/2023
US and UK sanctions authorities have worked closely together over the past year as the UK continues to define its post-Brexit sanctions regime.
Enforcement
OFAC Probes Shipping Companies as Russia Circumvents Oil Sanctions
By Editors | 15/11/2023
US Treasury sent letters to companies seeking information about 100 vessels, according to a Reuters report.
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