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Anti-Money Laundering
MONEYVAL Calls for Clampdown on Crypto-enabled Money Laundering
By Mark Johnston | 11/05/2022
Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing “heavy” manipulation.
Anti-Money Laundering
Taiwan FSC Fines KGI Bank Over Misappropriated Client Assets
By Editors | 11/05/2022
KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.
Market Abuse
BSEC Proposes to Strengthen Rules Against Insider Trading
By Editors | 10/05/2022
Listed companies will have to disclose all loan activities, contracts with related parties, and technology changes as ‘price sensitive information’.
Fraud, Scams & Cybercrime
US SEC, DOJ File Fraud Charges Over $62mn Crypto Fraud
By Editors | 10/05/2022
MCC International Corp and its founders were charged for selling fraudulent investment plans that promised daily returns from crypto mining and robotic trading.
Fraud, Scams & Cybercrime
Cum-Ex Scandal Widens like a Regulatory Inquisition
By Peter Guy | 10/05/2022
A common tax arbitrage trading strategy is now being prosecuted as outright tax avoidance, catching global banks and traders in a broad net.
PEPs & Sanctions
US Considers Sanctions Against China’s Hikvision: Reports
By Mark Johnston | 10/05/2022
The possible inclusion of Hikvision on the SDN List would have far-reaching consequences because its equipment is used -in more than 180 countries.
PEPs & Sanctions
OFAC Sanctions Crypto Mixer, 49 More Wallet Addresses
By Editors | 09/05/2022
Crypto mixer Blender.io was used to process over $20.5mn of the crypto stolen from the Axie Infinity hack in March, OFAC said.
PEPs & Sanctions
EU Oil Embargo Opens Possibilities for Further Sanctions – Report
By Editors | 09/05/2022
The US could enforce secondary sanctions against designated Russian entities and individuals, which would threaten anyone transacting with Russia.
PEPs & Sanctions
US, UK Include Professional Services in New Russia Sanctions
By Manesh Samtani | 09/05/2022
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
PEPs & Sanctions
UK Gov Removes Key Sanctions List Format Without Notice
By Manesh Samtani | 08/05/2022
The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.
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