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Financial Crime
Anti-Money Laundering
Metaverse Tools Crucial in Fight Against Cryptocurrency Crime: INTERPOL
By Ranamita Chakraborty | 23/01/2024
Interpol’s white paper highlights blockchain forensics as a vital tool in combating Metacrimes linked to cryptocurrencies, including money laundering and fraud.
Fraud, Scams & Cybercrime
HKMA Calls on Banks to Join SMS Sender Registration Scheme
By Editors | 23/01/2024
28 banks in Hong Kong have already registered, completed testing, and will begin using Sender IDs from 28 January 2024.
PEPs & Sanctions
Australia Announces First Use of Cyber Sanctions Powers
By Editors | 23/01/2024
Australia imposed sanctions against Russian national Aleksandr Ermakov, who was linked to the 2022 Medibank breach.
Credit Risk
RBI, SEBI Mull Exemptions on New AIF Investment Rules
By Ajoy K Das | 23/01/2024
Exemptions from rules issued in December are being sought by lenders and funds for AIFs that are set up specifically to invest in distressed assets.
PEPs & Sanctions
US, UK, Australia Announce New Round of Hamas Sanctions
By Editors | 23/01/2024
OFAC said the sanctions target Hamas, its financiers, and its international financial infrastructure, including crypto transfers.
Liquidity Risk
Bangladesh Restricts Onshore Lending to Offshore Banking Units
By Mark Johnston | 23/01/2024
Banks will have to repatriate funds from their offshore units by the end of 2024 and only rely on foreign funding sources for these units moving forward.
Anti-Bribery & Corruption
Former ICBC Official Expelled from Communist Party for Corruption
By Mark Johnston | 23/01/2024
Liu Lixian will have his illegal gains confiscated and his case transferred to prosecutors for further review.
Anti-Money Laundering
Singapore Money Laundering Case Tops S$3bn in Assets
By Editors | 22/01/2024
Warrants of arrest and Interpol Red Notices have also been issued against two more Cambodian nationals for money laundering offences.
PEPs & Sanctions
EU Discusses 13th Sanctions Package for Russia – Report
By Editors | 22/01/2024
The package could include further listings, more trade restrictions. and cracking down on Russia’s ability to circumvent sanctions via third countries.
Anti-Money Laundering
US Regulators Fine ICBC New York Branch for Regulatory Violations
By Editors | 22/01/2024
ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.
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