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Financial Crime
PEPs & Sanctions
Russia Places Two EU Companies Under Gazprom Management
By Editors | 28/04/2024
Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.
Cryptocurrency
ATO Asks Crypto Firms to Hand Over User Data
By Sanday Chongo Kabange | 27/04/2024
The ATO says the data collection effort is to ensure that crypto traders are fulfilling their tax lodgment, reporting and payment obligations.
Fraud, Scams & Cybercrime
Former Bank Manager Charged with Forgery in Malaysia
By Mark Johnston | 27/04/2024
The former customer relations manager used fraudulent documents to withdraw gold belonging to three female customers of Al-Rajhi Bank.
Anti-Bribery & Corruption
China Investigates Senior CSRC Official for Corruption
By Editors | 27/04/2024
Yao Qian was director of the CSRC’s Science and Technology Supervision Department. An investigation into a Bank of China official was also launched.
Credit Risk
Japan FSA Scrutinising Bank Lending Practices – Reports
By Editors | 27/04/2024
The FSA is concerned that non-performing loans could emerge following the move away from negative interest rates starting last month.
Anti-Money Laundering
US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”
By Editors | 27/04/2024
Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.
Market Abuse
Korea Reveals Details on Naked Short Selling Detection System
By Manesh Samtani | 27/04/2024
Korea’s short-selling ban is unlikely to be lifted until after the new system is established, which is expected to take at least a year.
PEPs & Sanctions
France Proposes New Sanctions to Target Russian Disinformation
By Editors | 27/04/2024
The sanctions would target the disinformation on social media, the use of AI-generated deep fakes, the creation of fake websites, and election interference.
PEPs & Sanctions
Japan Proposes to Tighten Export Control Regulations
By Editors | 27/04/2024
Companies would be required to report transfers of technology in areas where Japan has an advantage over other countries, and seek approval for such exports.
Credit Risk
Revised BCBS Standards on Banking Supervision Take Effect
By Manesh Samtani | 27/04/2024
BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management.
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