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Financial Crime
Supervision & Enforcement
Federal Court Orders Ferratum Australia to Pay A$16m
By Editors | 28/06/2024
The Court found that Ferratum’s non-compliance arose from its Finland-based parent company’s lack of attention to Australian regulatory requirements
Anti-Money Laundering
Switzerland, US to Strengthen Information Exchange Under FATCA
By Editors | 28/06/2024
The US will receive tax information from Switzerland automatically, and Switzerland will also be able to receive information from the US.
PEPs & Sanctions
Canada Issues New Sanctions Over Settler Violence in West Bank
By Editors | 28/06/2024
Seven individuals and five entities were sanctioned for facilitating acts of violence by Israeli extremist settlers against Palestinians.
PEPs & Sanctions
Thai Banks Facilitating Procurement for Myanmar Military: UN Report
By Nithya Subramanian | 28/06/2024
A UN report identifies 16 banks in seven countries that have processed transactions linked to procurement for Myanmar’s military junta.
Fraud, Scams & Cybercrime
Taiwanese Singer Facing Prosecution Over JPEX Crypto Fraud
By Editors | 28/06/2024
Popular Taiwanese singer Nine Chen reportedly received 320,000 USDT to act as JPEX’s brand ambassador last year.
Market Abuse
SEBI Offers Flexibility in Trading Plan Norms for Insiders
By Ajoy K Das | 28/06/2024
The regulator has reduced the cooling-off period between disclosure and implementation of trading plan from six to four months.
Fraud, Scams & Cybercrime
Korea: FSS, KISA to Collaborate on Crypto Investigations
By Manesh Samtani | 27/06/2024
The MoU will establish a cooperative investigation system between the FSS and KISA for cyber incidents that disrupt the virtual asset market.
Fraud, Scams & Cybercrime
Australia Introduces Legislation for SMS Sender ID Register
By Sanday Chongo Kabange | 27/06/2024
The new legislation allows for the establishment of an SMS Sender ID Register to help fight scams.
Anti-Money Laundering
Iraq’s Al-Huda Bank Cut Off from US Financial System
By Editors | 27/06/2024
FinCEN rule identifies Al-Huda Bank as a “foreign financial institution of primary money laundering concern”.
Anti-Money Laundering
US DOJ to Recover Additional $100mn in 1MDB Case
By Nithya Subramanian | 27/06/2024
Jho Low will forfeit a luxury apartment in Paris and artworks by Andy Warhol and Claude Monet purchased for USD 35 million.
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