Financial Crime

Anti-Money Laundering

Nigeria Detains Binance Execs After Inviting Them for Dialogue

By Mark Johnston | 13/03/2024

Two Binance executives have been detained in Nigeria following a visit to the country at the request of its government.

Anti-Money Laundering

BRICS Establishes Council for Combating Money Laundering

By Editors | 13/03/2024

The BRICS nations also plan to create an organisation to fight money laundering and terrorist financing similar to the FATF.

Anti-Bribery & Corruption

Hong Kong ICAC Charges Former Senior Official of Insurance Authority

By Sanday Chongo Kabange | 13/03/2024

The former IA executive director threatened Prudential with the use of supervisory powers if it did not hire her daughter-in-law and give her a bigger salary package.

PEPs & Sanctions

Russia Moves Ahead With Plan to Unblock Foreign-Listed Shares

By Editors | 13/03/2024

Under the plan, Russian private investors will be able to sell shares in overseas listed companies to foreigners with cash stuck in Russia.

PEPs & Sanctions

OFAC Targets Financial Facilitators of al-Shabaab Militant Group

By Editors | 12/03/2024

OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.

Anti-Money Laundering

Singapore Reported to be Scrutinising Wealth from Chinese

By Editors | 12/03/2024

Family office applications with Chinese-affiliated wealth have been denied and applicants are facing tough questions.

Trading & Investment

Thailand to Tighten Rules on Short-Selling, Algorithmic Trading

By Editors | 12/03/2024

The SEC will shrink the pool of listed stocks eligible for short-selling, impose daily limits on short-selling, and require securities firms to help it police the market.

Anti-Money Laundering

HM Treasury Consults to Ways to Enhance AML/CFT Regime

By Nithya Subramanian | 12/03/2024

The consultation seeks views on ways to make CDD checks more proportionate and effective, and how to ensure information sharing and collaboration gateways are open and useful.

Anti-Money Laundering

Swiss Authorities Convict BSI Bank for Money Laundering

By Nithya Subramanian | 12/03/2024

Switerland’s Office of the Attorney General has imposed a fine of CHF 4.5 million for violations between August 2010 and June 2014.