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Financial Crime
PEPs & Sanctions
Swiss Commodity Firms Under Probe for Russia Sanctions Breaches
By Editors | 15/02/2024
Two commodity trading firms were referred to prosecutors for allegedly using Middle East subsidiaries to circumvent Swiss sanctions against Russia.
Market Abuse
SC Malaysia Awarded $515m in Insider Trading Case
By Mark Johnston | 15/02/2024
Malaysia’s High Court ordered a former CEO to pay the Securities Commission three times profits, as well as a civil penalty and legal costs.
Anti-Money Laundering
KoFIU Workplan for 2024 Has a Heavy Focus on Crypto
By Manesh Samtani | 15/02/2024
KoFIU will also block “unqualified operators” from entering the market and “expel unqualified operators that have already entered the market”.
PEPs & Sanctions
France Announces Sanctions Against “Extremist” Israeli Settlers
By Editors | 14/02/2024
The move prohibits 28 individuals from entering France, which plans to also pursue sanctions against Israeli settlers at the European level.
Fraud, Scams & Cybercrime
India Arrests Three in Raids Against Cybercrime Syndicate
By Ajoy K Das | 14/02/2024
This is the first case where India’s Enforcement Directorate has used a complaint lodged overseas to register a PMLA case and seize proceeds of crime.
PEPs & Sanctions
US DOJ Secures Guilty Plea in Russia Sanctions Evasion Case
By Editors | 14/02/2024
A Canadian-Russian national helped ship US-origin electronic components that were later found in Russian weapons in Ukraine.
Anti-Money Laundering
FinCEN to Extend AML/CFT Requirements to Investment Advisers
By Editors | 14/02/2024
Investment advisers would have to implement risk-based AML/CFT programmes and report suspicious activity to FinCEN.
PEPs & Sanctions
EU Proposes to Apply Trade Curbs to Some Chinese Firms
By Editors | 14/02/2024
The current draft sanctions package includes three mainland companies which EU firms would not be allowed to trade with.
Anti-Bribery & Corruption
New Study Initiated to Identify Kleptocracy Red Flags
By Nithya Subramanian | 14/02/2024
The study by the OCCRP, University of Exeter and University of Oxford will aid in developing anti-corruption rules and enhancing enforcement.
Anti-Money Laundering
LME Facing Lawsuit Over “Dirty Metals” Sourced from Indonesia
By Editors | 14/02/2024
The case could force the LME to revisit its rules for listing metals for trading, the London Mining Network and Global Legal Action Network said.
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