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Enforcement
AML / KYC
HK Customs Announces Disciplinary Actions Against Four MSOs
By Editors | 06/09/2024
The MSOs failed to keep records of remittance transactions and to identify beneficial owners and PEPs, among other breaches of AML/CTF requirements.
Enforcement
Japanese Insurers Under Microscope for 2.5m Data Breaches
By Thisanka Siripala | 06/09/2024
Four insurance agencies found leaks of personal information by employees to try and win business and encourage customers to switch providers.
Enforcement
US Charges Six Hamas Leaders for Terrorism, Sanctions Evasion
By Editors | 06/09/2024
The DOJ said Hamas crypto fundraising efforts caused US persons to engage in transactions that violated US sanctions regulations.
Capital / Liquidity
UK PRA Orders HSBC to Review Data and Risk Practices – Report
By Nithya Subramanian | 05/09/2024
The regulator will reportedly require an independent expert review to evaluate four areas: model risk, risk data quality, traded risk, and credit risk.
Crypto / Digital Assets
North Korean Cyber Actors Targeting Crypto ETFs, FBI Warns
By Nithya Subramanian | 05/09/2024
The FBI has issued an advisory warning of advanced social engineering tactics being used by North Korean hackers to steal crypto assets.
Sanctions
US Sanctions Russian Individuals, Entities for Election Interference
By Editors | 05/09/2024
The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.
AML / KYC
Indonesia Captures Former Philippine Mayor Charged for Money Laundering
By Editors | 05/09/2024
The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.
Capital / Liquidity
Korea FSS Requests Capital Plans from Four Savings Banks
By Editors | 04/09/2024
Four savings banks have seen their capital ratios fall below recommended minimums due to loan delinquencies and related provisions.
Crypto / Digital Assets
US SEC Penalises Fund Adviser Over FTX-Linked Losses
By Nithya Subramanian | 04/09/2024
Galois Capital Management used crypto trading platforms like FTX to hold crypto assets for fund investors instead of qualified custodians.
Sanctions
US Seizes Private Jet Belonging to Venezuelan President
By Editors | 04/09/2024
The DOJ said the jet was illegally purchased in the US and then smuggled to Venezuela, in violation of US export control and sanctions laws.
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