Financial Crime

PEPs & Sanctions

Japan Announces New Round of Sanctions on Russia

By Editors | 04/03/2024

The sanctions target a total of 12 individuals and 37 entities, add new export restrictions, and implement the G7 ban on Russian diamonds.

Anti-Money Laundering

Russia Re-rated on Four FATF Recommendations

By Editors | 04/03/2024

Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

PEPs & Sanctions

Canada Sanctions Six Over Death of Alexei Navalny

By Editors | 03/03/2024

The targets include senior officials and high-ranking employees of Russia’s prosecution, judicial and correctional services.

Market Abuse

FSC Korea to Amend Rules for Disclosing Insider Transactions

By Sanday Chongo Kabange | 03/03/2024

The FSC proposes to exempt certain financial institutions from the ex-ante disclosure requirements for insider transactions.

Fraud, Scams & Cybercrime

NY Court Allows Bangladesh Case Against RCBC to Proceed

By Editors | 03/03/2024

Bangladesh Bank’s lawsuit against the Philippines’ RCBC and its senior executives will be allowed to proceed, minus three causes of action.

Conduct, Culture & Accountability

Japan: Major Insurers Commit to Divesting Cross-Held Shares

By Editors | 03/03/2024

The insurers also imposed disciplinary measures against 132 executives and employees, including pay cuts, over a price-fixing scandal.

Conduct, Culture & Accountability

FSS Punishment of Hana CEO “Excessive”, Seoul Court Rules

By Editors | 03/03/2024

The Court directed the FSS to adjust the punishment, but ruled that Hana Bank’s six-month suspension for mis-selling risky funds was justified.

PEPs & Sanctions

G7 Ban on Indirect Imports of Russian Diamonds Takes Effect

By Editors | 03/03/2024

The World Federation of Diamond Bourses says the ban on Russia-produced diamonds will also harm non-Russian manufacturers and traders.

PEPs & Sanctions

Switzerland Adopts EU’s 13th Russia Sanctions Package

By Editors | 01/03/2024

The package adds a further 106 individuals and 88 entities and organisations to Switzerland’s sanctions list.