Financial Crime

Anti-Money Laundering

France Releases Telegram CEO on €5m Bail and Conditions

By Manesh Samtani | 10/09/2024

Telegram modified its content moderation policies, allowing users to flag content in private and group chats that they believe is illegal, among other changes.

Anti-Money Laundering

HKMA Issues Guidance on Using AI to Enhance AML Monitoring

By Sanday Chongo Kabange | 10/09/2024

Banks will have to assess the feasibility of adopting AI in their ML/TF monitoring systems and then formulate and submit an implementation plan to HKMA by end March 2025.

Supervision & Enforcement

Korea FSS Starts Inspections of Debt Collection Practices

By Editors | 10/09/2024

On-site inspections will be conducted at 30 loan companies nationwide to assess whether they are using unlawful collection practices.

Conduct, Culture & Accountability

US SEC Charges 10 Firms for Breaking Whistleblower Protection Rule

By Nithya Subramanian | 10/09/2024

A broker-dealer, two investment advisers, and seven public companies used signed agreements to impede the reporting of misconduct to the SEC.

PEPs & Sanctions

Moldovan Banks Stop Accepting Money Transfers from Russia

By Editors | 10/09/2024

The four remaining Moldovan banks that were still accepting transfers via Russia’s Zolotaya Korona system have stopped doing so.

PEPs & Sanctions

Russia Blocks Sale on Stake in Raiffeisen’s Local Bank – Report

By Editors | 10/09/2024

Raiffeisen Bank International will attempt to reverse the decision, which represents the biggest freeze involving a Western bank in Russia.

PEPs & Sanctions

US Lawmakers Accuse Iraq of Facilitating Iran Sanctions Evasion

By Editors | 09/09/2024

Five US members of Congress claim Iraqi officials are involved in “industrial-scale sanctions evasion” on behalf of the Iranian regime.

Anti-Money Laundering

Singapore Arrests 14 for Offering Unlicensed Payment Services in Casinos

By Nithya Subramanian | 09/09/2024

Police seized over SGD 190,000 in casino chips and cash during a multi-agency enforcement operation at the Marina Bay Sands Casino.

PEPs & Sanctions

Iran Facing New Sanctions Over Missile Shipments to Russia

By Editors | 09/09/2024

US officials have confirmed the delivery of hundreds of short-range ballistic missiles to Russia. The US and EU intend to respond with sanctions.