Financial Crime

Fraud, Scams & Cybercrime

Montenegro Halts Do Kwon Extradition to South Korea

By Sanday Chongo Kabange | 25/03/2024

Montenegro’s top prosecutor said only the Minister of Justice can decide on extradition, not the High Court, so now the Supreme Court will weigh in.

PEPs & Sanctions

Russia Imposes New Sanctions Against 56 Canadian Citizens

By Editors | 25/03/2024

The sanctions target executives of Raytheon, Airbus, Boeing, and Rolls-Royce units in Canada, along with other companies involved in supplying weapons to Ukraine.

PEPs & Sanctions

EU Announces 35 New Sanctions Over Death of Alexei Navalny

By Editors | 25/03/2024

The targets include the two penal colonies where Navalny was held, members of the judiciary, and officials in the penitentiary system and Russia’s Ministry of Justice.

PEPs & Sanctions

EU Leaders to Advance Plans to Use Profits from Russia Assets

By Editors | 23/03/2024

Total financial contributions for Ukraine are expected to be around EUR 4.0-4.5 billion this year. Banks are concerned about legal action from Russia.

Supervision & Enforcement

FSS Korea Cracks Down on Unfair Debt Collection Practices

By Mark Johnston | 23/03/2024

The FSS uncovered a series of abuses by loan companies and debt collectors through inspections conducted in the first quarter of this year.

Conduct, Culture & Accountability

FINRA Issues First Fine Over Use of Social Media Influencers

By Editors | 23/03/2024

FINRA said M1 Finance did not review or approve the content in influencers’ posts or have written procedures in place for supervising those communications.

PEPs & Sanctions

India Stops Accepting Oil from Sanctioned Russian Vessels

By Editors | 22/03/2024

Private and state-run refiners in India have stopped accepting cargoes from vessels owned by Sovcomflot, which was sanctioned by the US last month.

PEPs & Sanctions

Armenian Banks Stop Accepting Russian Mir Cards – Reports

By Editors | 22/03/2024

The Union of Armenian Banks attributed the decisions to the risk of secondary sanctions from the US.

Structural Regulation

EU, China Hold Inaugural Meeting of New Working Group

By Mark Johnston | 22/03/2024

Regulators from both sides discussed AML, supervisory cooperation, sustainable finance, capital markets, cross-border data transfers, payments, and CCP equivalence.