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Financial Crime
Conduct, Culture & Accountability
MAS’ Tighter Hiring Norms to Result in Better Compliance
By Nithya Subramanian | 18/12/2023
The updated guidelines for senior appointments in CMS licensed firms will improve corporate governance and ensure better board accountability.
PEPs & Sanctions
UK Introduces New Legislation to Expand Russia Sanctions
By Editors | 18/12/2023
The package targets exports of military goods to Russia and the import of Russian metals. New reporting obligations also introduced to improve sanctions compliance.
PEPs & Sanctions
EU Leaders Agree on 12th Russia Sanctions Package
By Editors | 18/12/2023
The package includes additional import and export bans and measures to better enforce the oil price cap. Agreement also reached on criminalisation of sanctions violations.
PEPs & Sanctions
Ex-FBI Agent Jailed for Helping Sanctioned Russian Oligarch
By Editors | 18/12/2023
Former FBI agent Charles McGonigal conspired to violate US sanctions and commit money laundering to help sanctioned Russian oligarch Oleg Deripaska.
Fraud, Scams & Cybercrime
IOSCO Calls for Stronger Response to Online Threats to Retail Investors
By Manesh Samtani | 17/12/2023
Collaboration is needed between regulators, law enforcement, and stakeholders in the broader online ecosystem like search engine operators and social media platforms.
Supervision & Enforcement
Australia Appoints NEW AUSTRAC CEO for Five Year Term
By Editors | 17/12/2023
Brendan Thomas from the NSW Department of Communities and Justice will replace Nicole Rose effective 29 January 2024.
Anti-Money Laundering
India, US Pledge to Cooperate on Global Illicit Finance Risks
By Editors | 17/12/2023
Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.
PEPs & Sanctions
UK Inaugurates New Iran Sanctions Regime with Joint UK-US Action
By Editors | 16/12/2023
US and UK governments announce joint sanctions against eight individuals as UK’s new Iran sanctions regulations come into force.
PEPs & Sanctions
HK Amends National Security Law to Facilitate Asset Freezes
By Editors | 15/12/2023
The national security law has been amended to allow assets to be frozen “until the conclusion of the proceedings” such as criminal prosecutions.
Anti-Bribery & Corruption
US Congress Passes Foreign Extortion Prevention Act
By Editors | 15/12/2023
The Act prohibits foreign government officials from soliciting or receiving bribes from any person or company under US jurisdiction.
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