Financial Crime

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    Anti-Money Laundering

    NYDFS Fines Nordea Bank $35mn for AML Failures

    By Editors | 29/08/2024

    NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

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    Data Privacy

    Europol, New Zealand Can Share Personal Data to Combat Crime

    By Ranamita Chakraborty | 29/08/2024

    A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

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    PEPs & Sanctions

    US Sanctions Israeli NGO and Civilian Security Officer

    By Editors | 29/08/2024

    The NGO and security officer were sanctioned for providing support to sanctioned Israeli settlers in the West Bank.

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    Anti-Bribery & Corruption

    Australia Issues New Anti-Foreign Bribery Guidance

    By Sanday Chongo Kabange | 29/08/2024

    The guidance sets out six elements that should be included by corporations in their anti-bribery compliance programmes.

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    Conduct, Culture & Accountability

    New Zealand Court Fines TSB Bank for Overcharging Customers

    By Sanday Chongo Kabange | 29/08/2024

    The Commerce Commission took legal action against TSB Bank for overcharging 48,000 customers between 2015 and 2021.

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    Cryptocurrency

    Russia Set to Start Testing Crypto in International Payments

    By Editors | 29/08/2024

    The trials will commence in September. If successful, Russia may allow the Moscow Exchange to set up crypto platforms next year.

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    Fraud, Scams & Cybercrime

    US SEC Charges Chinese Asset Manager and CEO with Fraud

    By Nithya Subramanian | 29/08/2024

    The SEC accused QZ Asset Management, QZ Global, and CEO Blake Yeung of using false claims about their investments to defraud investors.

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    Fraud, Scams & Cybercrime

    Swiss Court Sentences Two to Jail for Defrauding 1MDB

    By Manesh Samtani | 29/08/2024

    Two executives of an oil exploration company known as PetroSaudi were sentenced for defrauding 1MDB out of more than $1.8bn.

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    Fraud, Scams & Cybercrime

    Austal and Australian Parent Settle US Fraud Charges for $24m

    By Editors | 28/08/2024

    Austal manipulated its financial results to avoid falling short of analyst expectations and mislead shareholders, the SEC and DOJ said.

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    Fraud, Scams & Cybercrime

    French Prosecutors File Charges Against Telegram CEO

    By Editors | 28/08/2024

    A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

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