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Financial Crime
PEPs & Sanctions
US Redesignates Yemen’s Houthis as Global Terrorist Group
By Editors | 18/01/2024
The designation comes with sanctions that target the group’s sources of financing and restrict its access to financial markets.
Emerging Prudential Risks
Xi Jinping Unveils Roadmap for Achieving ‘Financial Powerhouse’ Status
By Editors | 17/01/2024
The Chinese President highlighted the need for stronger connectivity between domestic and foreign financial markets and greater influence over international rules.
PEPs & Sanctions
S. Korea Imposes Sanctions to Block DPRK Maritime Activities
By Editors | 17/01/2024
The sanctions target ships, individuals, and organisations for “illegal maritime activities that support North Korea’s nuclear and missile development.”
Anti-Money Laundering
EBA Issues Guidelines on ML/TF Risks Associated with CASPs
By Ranamita Chakraborty | 17/01/2024
The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.
Conduct, Culture & Accountability
US SEC Fines JP Morgan for Impeding Potential Whistleblowers
By Nithya Subramanian | 17/01/2024
The firm’s securities unit has been fined USD 18 million for disallowing clients from contacting the SEC.
Market Abuse
CSRC Fines Three Executives for Stock Price Manipulation
By Sanday Chongo Kabange | 16/01/2024
Following its investigation, the CSRC has imposed a total fine of CNY 661 million.
Conduct, Culture & Accountability
Former Wyelands Bank CEO Fined, Banned by UK PRA
By Mark Johnston | 16/01/2024
Former Wyelands Bank CEO faces penalty and prohibition for failing to ensure the lender had adequate systems and controls.
Anti-Money Laundering
BIS to Study Financial Crime Detection in Retail Payments
By Editors | 15/01/2024
Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.
Anti-Money Laundering
SEBI Modifies Rules for Foreign Investments in AIFs
By Ajoy K Das | 15/01/2024
SEBI updates threshold for determining beneficial ownership, extends mandatory custodian and dematerialisation requirements to reduce money laundering risks.
Market Abuse
Korea Confirms Illegal Short Selling by Two More Global Banks
By Editors | 15/01/2024
The FSS said it has confirmed that two investment banks submitted naked short selling orders worth a combined KRW 54 billion.
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