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Financial Crime
PEPs & Sanctions
Canada Joins Allies in Sanctioning Hamas Officials
By Editors | 06/02/2024
This is the first time that Canada has used sanctions under its SEMA regulations to target non-state actors.
Credit Risk
China NFRA Urges Banks to Lend to Real Estate Sector
By Editors | 06/02/2024
The NFRA asked banks to actively engage with the new real estate finance coordination mechanism and “fully meet reasonable financing needs as much as possible”.
Fraud, Scams & Cybercrime
Singapore Strengthens Measures to Tackle AI Deepfakes
By Nithya Subramanian | 06/02/2024
Various government agencies and industry partners are working together to prevent the malicious use of deepfake technology.
Market Abuse
China Works to Stablise Markets With Trading Curbs, Strong Words
By Manesh Samtani | 06/02/2024
CSRC vowed to punish market manipulation and malicious short selling. Institutional investors were told to avoid selling and brokers to avoid forced liquidations.
Fraud, Scams & Cybercrime
Hong Kong: Ex-Stanchart Banker Jailed Over Insurance Fraud
By Sanday Chongo Kabange | 06/02/2024
A former Standard Chartered Bank insurance specialist has been jailed for 20 months for premeditating a scam involving two clients and breaching the trust placed in him.
Anti-Money Laundering
UK Environment Agency Launches Economic Crime Unit
By Editors | 06/02/2024
The unit will boost the Environment Agency’s efforts to tackle money laundering and carry out financial investigations in the waste sector.
PEPs & Sanctions
Iran Reported to Have Used UK Banks for Sanctions Evasion
By Editors | 06/02/2024
Iran allegedly used front companies in the UK to conceal real ownership and receive funds at accounts at two of the UK’s largest banks.
PEPs & Sanctions
US Unseals Charges Against Iranian Oil Trafficking Network
By Editors | 05/02/2024
Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.
Fraud, Scams & Cybercrime
Korea Passes Amendment to Address Account Coercion Scams
By Manesh Samtani | 05/02/2024
The amendment would make it easier for victims of account coercion scams to lift account suspensions more quickly.
Fraud, Scams & Cybercrime
HK, SG Take Down 139 Servers in INTERPOL Cybercrime Operation
By Editors | 05/02/2024
Operation Synergia, launched in response to the growing threat of transnational cybercrime, involved more than 50 participating countries.
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