Enforcement

Sanctions

INTERPOL Publishes Update on How it Handles Sanctions Cases

By Editors | 10/11/2024

In its updated Repository of Practice document, INTERPOL explains how it handles requests for international police cooperation in cases involving sanctions violations.

Enforcement

US SEC Fines Invesco $17.5m over Misleading ESG Claims

By ESG Investor | 09/11/2024

Invesco Advisers was charged for making misleading statements about the percentage of company-wide AUM that integrated ESG factors in investment decisions.

Sanctions

US DOJ Charges Freight Forwarder for Evasion of Russia Export Controls

By Editors | 09/11/2024

Eleview International and two senior executives transshipped dual-use and other “high priority” items to Russia via Turkey, Finland, and Kazakhstan.

Enforcement

Japan FTC Fines Four Non-Life Insurers for Collusion

By Thisanka Siripala | 08/11/2024

The four insurers engaged in price-fixing activities in violation of the Antimonopoly Act, resulting in total penalties of ¥1.95bn, or $13mn.

Enforcement

PBOC Fines Two Leading Securities Firms for AML Violations

By Editors | 07/11/2024

The two firms were penalised for failures to properly identify customers and submit suspicious transaction reports, and for conducting transactions with unidentified customers.

Fintech / Regtech

Interpol-led Operation Takes Down Thousands of Servers Liked to Cybercrime

By Nithya Subramanian | 07/11/2024

Hong Kong Police took more than 1,037 servers offline, while Macau Police took down 291 servers as part of Operation Synergia II.

Enforcement

Australian Police Raid PwC Offices Amid Tax Leaks Scandal

By Mark Johnston | 07/11/2024

Australian federal police are examining whether former PwC Australia staff committed a crime by disclosing official secrets.

Enforcement

Sumitomo Mitsui Trust Bank Probing Insider Trading Case

By Thisanka Siripala | 07/11/2024

Sumitomo Mitsui Trust Bank disclosed that a former employee used non-public company information to conduct multiple insider trading transactions.

AML / KYC

Singapore Court Jails Former Company Director for Money Laundering

By Nithya Subramanian | 07/11/2024

The former director allowed a Chinese money laundering syndicate to use company accounts in Singapore to receive proceeds of criminal conduct.