Financial Crime

PEPs & Sanctions

New Zealand Launches Review of Russia Sanctions Act

By Editors | 31/10/2024

The review aims to assess the Act’s operation and effectiveness, focusing on its practicality, compliance costs, and achievement of its purpose.

Structural Regulation

US Finalises Rule Blocking Investments in Chinese Technology

By Editors | 31/10/2024

The rule seeks to prevent the use of US resources to finance China-made semiconductors, quantum computing tech and AI.

Anti-Money Laundering

FATF Consults on Revisions to Promote Financial Inclusion

By Manesh Samtani | 31/10/2024

The proposed revisions aim to better promote financial inclusion through increased focus on proportionality and simplified measures in the risk-based approach.

PEPs & Sanctions

UK Sanctions Three Entities Responsible for Russian Disinformation

By Editors | 31/10/2024

The three entities are responsible for a “vast malign online network” which “plagues social media with fake posts, counterfeit documents and deepfake material”.

Anti-Money Laundering

Addressing Non-Latin Script Challenges in Name Screening and AML

By Bradley Maclean | 31/10/2024

As global financial crime becomes more complex, companies like Aereve are pioneering technologies to reduce false positives, enhance compliance, and mitigate risks.

Anti-Money Laundering

25 New Charges Against Malaysia’s Najib Razak are Valid, Court Rules

By Nithya Subramanian | 30/10/2024

Former Malaysia Prime Minister Najib Razak will have to face four additional abuse of power charges and 21 additional money laundering charges.

Anti-Money Laundering

Singapore Publishes National Anti-Money Laundering Strategy

By Nithya Subramanian | 30/10/2024

The new national AML strategy expands on a 2016 policy statement and introduces three building blocks and three supporting pillars to improve Singapore’s AML framework.

Conduct, Culture & Accountability

UK FCA Sets Priorities and Expectations for Retail Banks in 2025

By Nithya Subramanian | 30/10/2024

Dear CEO letter highlights the consumer duty, operational resilience, fraud and financial crime, and sustainable finance as key focus areas for retail banks.

Fraud, Scams & Cybercrime

Bangladesh Bank Governor Alleges $17b State-Linked Bank Fraud

By Nithya Subramanian | 30/10/2024

Ahsan H Mansur alleged that Alam Group siphoned off $10bn from the banking system with help from the country’s military intelligence agency.