Financial Crime

Emerging Prudential Risks

FSOC Revamps Oversight Framework for Non-Bank Sector

By Editors | 06/11/2023

The changes will make it easier for the FSOC to designate a non-bank as systemically importance, and speed up its ability to respond to risks.

Anti-Money Laundering

Singapore to Monitor Money Laundering Risks from Crypto Exchange Applicants

By Nithya Subramanian | 06/11/2023

The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.

PEPs & Sanctions

US Commerce Department Fines Manufacturer for Aiding Israeli Boycott

By Editors | 05/11/2023

The US-based manufacturer admitted to violating the US Antiboycott Regulations by certifying that shipments to the Middle East did not contain Israeli-origin goods.

PEPs & Sanctions

US Sanctions Russian National for Laundering Funds for Wealthy Clients

By Editors | 05/11/2023

Ekaterina Zhdanova allegedly helped wealthy clients evade sanctions and move money internationally using crypto and other channels.

PEPs & Sanctions

US Congress Proposes New Sanctions on HK Judiciary

By Editors | 05/11/2023

The proposed legislation would direct the US President to consider sanctioning 49 individuals involved in prosecuting National Security Law cases.

Anti-Money Laundering

Japanese Regional Banks Form Partnership on AML/CFT

By Editors | 05/11/2023

Three regional banks will use the same centralised service platform to perform AML/CFT operations.

Anti-Bribery & Corruption

China Bars CCP Officials from Investing in PE Funds

By Editors | 05/11/2023

The CCDI said it found Party officials who abused their powers to support firms they’d invested in through PE funds.

Anti-Money Laundering

AUSTRAC Explains AML/CTF Considerations of Data Breaches

By Sanday Chongo Kabange | 05/11/2023

Regulated entities should review their risk assessments to ensure they reflect the increased ML/TF risks that could arise from a data breach.

Fraud, Scams & Cybercrime

US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges

By Editors | 03/11/2023

Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.