Financial Crime

PEPs & Sanctions

11 Countries Establish Team to Monitor DPRK Sanctions Enforcement

By Manesh Samtani | 17/10/2024

The new Multilateral Sanctions Monitoring Team will take up the work of a UN expert panel that was dissolved by a Russian veto earlier this year.

Market Abuse

CFTC Fines Singapore’s Olam Group for Late Reporting of Cotton Sales

By Nithya Subramanian | 30/09/2024

The CFTC said Olam’s failure to promptly report the sales resulted in the publication of inaccurate and misleading information by the USDA.

Fraud, Scams & Cybercrime

HKMA to “Soon” Consult on Scam Loss Sharing Framework

By Editors | 30/09/2024

The framework will include principles for banks to use when deciding whether scam losses should be compensated, such as whether customers took care to safeguard their personal data.

PEPs & Sanctions

Western Banks Processed Payments for Russian Warlord – Reports

By Editors | 30/09/2024

C4ADS says Yevgeny Prigozhin was able to establish a transnational criminal empire in Africa in part by hijacking the payments systems of western banks.

PEPs & Sanctions

US Sanctions Iranian Cyber Actors for Election Interference

By Editors | 30/09/2024

OFAC sanctioned seven individuals while the DOJ unsealed criminal charges accusing three others of hacking Donald Trump’s presidential campaign.

Supervision & Enforcement

US SEC Fines 13 Firms, 10 Individuals for Delaying Stock Disclosures

By Nithya Subramanian | 30/09/2024

Goldman Sachs, Oaktree Capital, Bank of Nova Scotia and Alphabet Inc were among those fined for failing to provide timely information on stock holdings and transactions.

PEPs & Sanctions

UK OFSI Fines Concierge Services Firm for Sanctions Breaches

By Editors | 30/09/2024

The firm was fined GBP 15,000 for providing property management services to a designated person subject to an asset freeze between 2022 and 2023.

PEPs & Sanctions

G7 Nations Publish Guidance on Preventing Russian Sanctions Evasion

By Editors | 30/09/2024

The guidance is aimed at preventing Russia from evading sanctions and export controls and obtaining the components it needs for its weapons systems.

Market Abuse

Japan to Penalise Nomura Securities for JGB Futures Manipulation

By Editors | 30/09/2024

In the aftermath of a penalty recommendation from the SESC, at least four companies have removed Nomura Securities from their lists of bond managers.