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Financial Crime
PEPs & Sanctions
US Sanctions Four Entities for Supporting Pakistan Missile Programme
By Editors | 23/12/2024
The entities worked to supply equipment and missile‐applicable items to Pakistan’s ballistic missile programme
Anti-Money Laundering
Wolfsberg Group Issues Payment Transparency Roles & Responsibilities Guidance
By Editors | 23/12/2024
The guidance aims to help PSPs, regulators, and standard-setters understand their respective obligations in ensuring payment transparency.
PEPs & Sanctions
China Responds to Canadian Sanctions with Countermeasures
By Editors | 23/12/2024
The measures target two institutions and 20 individuals, responding to Canadian sanctions against several Chinese officials.
Anti-Bribery & Corruption
Bank Indonesia Under Investigation by Anti Corruption Agency
By Editors | 23/12/2024
KPK searched several rooms at Bank Indonesia including the governor’s office. A search operation was also conducted at OJK.
Data Privacy
Singapore Officials Apologise for Exposing NRIC Numbers
By Manesh Samtani | 22/12/2024
The mishap was attributed to a “miscommunication”. Banks, insurers reviewing NRIC practices. Security and privacy concerns persist.
Anti-Money Laundering
FMA Launches Legal Action Against InvestNow for Breaching AML Rules
By Editors | 22/12/2024
The FMA said it considers failures by retail investment platform InvestNow to be “significant and, in some respects, systemic.”
Supervision & Enforcement
RBI Removes Business Restrictions on Two Edelweiss Group Firms
By Editors | 22/12/2024
The RBI is satisfied that adequate remedial measures have been put in place at the two entities to address its earlier supervisory concerns.
Fraud, Scams & Cybercrime
INTERPOL Calls for Shift Away from ‘Dehumanising’ Term ‘Pig Butchering’
By Manesh Samtani | 22/12/2024
INTERPOL argues that the term dehumanises and shames victims of such frauds, deterring them from coming forward to seek help and provide information to authorities.
PEPs & Sanctions
US Imposes More Sanctions Targeting Iran’s Oil Trade & Yemen’s Houthis
By Editors | 22/12/2024
The sanctions targets include companies based in Hong Kong, Malaysia and India. Five cryptocurrency wallets were also added to the SDN list.
PEPs & Sanctions
US, UK Impose Human Rights Sanctions Against Georgian Officials
By Editors | 21/12/2024
The sanctions were imposed over a violent crackdown by Georgia’s government against protestors, opposition figures and members of the media
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