Financial Crime

Trading & Investment

US SEC Fines ATS Operator Liquidnet for Deficient Controls

By Nithya Subramanian | 13/01/2025

Liquidnet violated the market access rule over several years by setting inappropriate credit thresholds, including a default threshold of $1bn

PEPs & Sanctions

US and Allies Issue New Sanctions Targeting Venezuelan Officials

By Editors | 12/01/2025

The measures were announced by the US, UK, EU and Canada, each declaring Nicolás Maduro’s election victory as illegitimate.

Anti-Money Laundering

DARPA’s Considers Research Programme to ‘Revolutionise’ AML

By Editors | 12/01/2025

The proposed research programme aims to “eliminate global money laundering” by replacing manual practices with “agile, algorithmic methods”

PEPs & Sanctions

UK to Introduce New Sanctions Regime for ‘People Smugglers’

By Editors | 12/01/2025

The regime will target the finances of individuals and entities that exploit vulnerable people by facilitating dangerous sea crossings across Europe

Anti-Money Laundering

Philippine AMLC Issues New Transaction Reporting Guidelines

By Sanday Chongo Kabange | 12/01/2025

The AMLC says the guidelines, to be adopted in phases, are intended to help covered persons carry out one of their “primary duties”

Fraud, Scams & Cybercrime

Japan to Enhance Information Sharing on Illegally Used Bank Accounts

By Manesh Samtani | 10/01/2025

Mizuho, MUFG Bank, SMBC, Resona Bank, Joyo Bank, and Bank of Nagoya are participating in a JBA-led study group to develop a new information-sharing framework

Fraud, Scams & Cybercrime

Rescue of Chinese Actor Turns Spotlight to Myanmar Scam Compounds

By Manesh Samtani | 10/01/2025

The actor was lured to Thailand by a promise of a job casting before being taken to Myanmar and put to work in a scam compound

PEPs & Sanctions

OFAC Sanctions Senior Hungarian Official for Corruption

By Editors | 10/01/2025

While it is rare for the US to sanction a sitting official in an allied country, OFAC said Antal Rogan has used his position to enrich himself and those loyal to his party

PEPs & Sanctions

NATO Allies Start Using AI to Monitor Russian Shadow Fleet

By Manesh Samtani | 09/01/2025

The initiative was launched under the banner of the Joint Expeditionary Force, a UK-led Northern European multi-national military partnership