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Financial Crime
PEPs & Sanctions
OFAC Issues Guidance on Humanitarian Assistance to Yemen
By Editors | 20/02/2024
The guidance provides clarity on the flow of humanitarian assistance and trade to the Yemeni people after the designation of the Houthis.
Structural Regulation
CSRC Solicits Suggestions on Improving Capital Market
By Editors | 20/02/2024
Market participants have called for strict control over IPO access and stronger supervision of listed companies.
Supervision & Enforcement
JPMorgan to Pay $350m in Fines for Trade Surveillance Gaps
By Mark Johnston | 20/02/2024
The bank said certain trading and order data was not feeding into its trade surveillance platforms.
PEPs & Sanctions
EU, US, UK to Respond to Death of Top Putin Critic With Sanctions
By Editors | 20/02/2024
Aleksei Navalny, who survived a poisoning four years ago, died in a remote Arctic prison where he was serving a three-decade sentence.
Fraud, Scams & Cybercrime
Singapore Scam Cases Skyrocket by 46.8% in 2023: SPF
By Ranamita Chakraborty | 19/02/2024
Singapore Police reported a nearly 50% year-on-year increase in scam cases for 2023, though a slight reduction in losses.
Anti-Money Laundering
Seven Arrested in Hong Kong’s Largest Ever Money Laundering Case
By Sanday Chongo Kabange | 19/02/2024
The case involves a total of about HK$14 billion of suspected crime proceeds. HK$185 million in assets has so far been frozen or seized.
Anti-Money Laundering
SkyCity Facing NZ Court Proceedings for Alleged AML Failures
By Sanday Chongo Kabange | 19/02/2024
The DIA alleges that SkyCity did not meet various obligations required under the AML/CFT Act.
Anti-Money Laundering
BaFin Warns Deutsche Bank Over Transaction Monitoring Systems
By Mark Johnston | 19/02/2024
The mandate of a special monitor appointed in 2018 is being extended until end-October to oversee efforts to enhance the bank’s systems for processing transaction data.
Payments & Settlements
RBI Directs Card Networks to Stop Facilitating Certain B2B Payments
By Ajoy K Das | 19/02/2024
Card networks should not enable businesses to use fintech players as intermediaries to make card payments to non-card accepting recipients.
Emerging Prudential Risks
BSP, Deutsche Bundesbank Sign MOU on Capacity Building
By Mark Johnston | 19/02/2024
Philippines’ BSP and Germany’s Bundesbank signed an MOU to enhance capacity-building efforts through tailored training and advisory services.
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