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AML / KYC
New York Court Convicts Ex-Goldman Exec in 1MDB Case
By Editors | 11/04/2022
Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.
AML / KYC
FSC Australia Issues Guidance on Russian Asset Divestment
By Editors | 08/04/2022
The guidance is for superannuation trustees, asset managers investing superannuation capital, and asset managers operating managed schemes with super funds as investors.
Enforcement
Singapore Court Upholds Convictions of Russian, Singapore Nationals
By Editors | 08/04/2022
The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.
AML / KYC
EU Approves Russian Coal Ban, Australia Adds Sanctions
By Manesh Samtani | 08/04/2022
The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.
AML / KYC
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
AML / KYC
Singapore Jails Man for Money Laundering, Email Fraud
By Editors | 07/04/2022
The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.
AML / KYC
Myanmar Orders Conversion of All Foreign Currency to Kyat
By Editors | 07/04/2022
The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.
AML / KYC
India Introduces Bill to Outlaw Proliferation Financing
By Sanday Chongo Kabange | 07/04/2022
The Bill will also give the government powers to freeze, seize or attach funds or other financial assets or economic resources to prevent WMD financing.
AML / KYC
US, UK Announce New Russia Sanctions, EU to Ban Coal Imports
By Manesh Samtani | 06/04/2022
New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.
AML / KYC
From Russia in Haste
By ESG Investor | 06/04/2022
The response of corporates and investors to the invasion of Ukraine suggests both need to overhaul their due diligence processes.
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