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PEPs & Sanctions
North Korea Continues to Evade Sanctions – Report
By Editors | 10/08/2021
A draft report by a UN panel of experts says North Korea has continued to evade sanctions through open sea ship-to-ship transfers and other means.
Anti-Money Laundering
China, UAE Agree to Exchange Intelligence on AML Investigations
By Editors | 09/08/2021
The FIUs in China and the UAE will exchange information on investigations concerning money laundering, terrorist financing, and the persons or entities involved.
Anti-Money Laundering
Good Intentions: The FATF Faces Its Own Unintended Consequences
By Tom Keatinge | 08/08/2021
The FATF’s unintended consequences study will point to necessary reforms that the watchdog will be unwilling to undertake.
PEPs & Sanctions
Australia to Introduce Magnitsky-style Sanctions Law
By Manesh Samtani | 08/08/2021
Australia will be able to impose targeted financial sanctions and travel bans against individuals and entities without the need for specific country-based regimes.
Anti-Bribery & Corruption
Hong Kong ICAC Charges Securities Brokers for Bribery
By Editors | 08/08/2021
Two securities brokers accepted commissions to arrange for their clients to use a futures trading programme provided by a software company.
KYC & CDD
Thai SEC Proposes UBO Registration Rules for Securities Firms
By Sanday Chongo Kabange | 08/08/2021
Securities firms offering trading, exchange or underwriting services will be required to ensure customers register their foreign beneficiaries.
Anti-Money Laundering
US DOJ Repatriates Additional $452bn in 1MDB Funds to Malaysia
By Editors | 08/08/2021
The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.
KYC & CDD
SEBI Allows Indian Fund Managers to Participate in FPIs
By Editors | 07/08/2021
KYC norms that required FPIs and institutional investors to disclose their personal information to SEBI have also been relaxed.
Conduct, Culture & Accountability
ASIC Sues Credit Firms for Failing to Cooperate with AFCA
By Sanday Chongo Kabange | 06/08/2021
Two firms repeatedly engaged in disruptive, aggressive and uncooperative behaviour toward AFCA, a civil penalty offence since April 2019.
Fraud, Scams & Cybercrime
CSRC Penalises Yongcheng Coal, Executives for Fraud
By Sanday Chongo Kabange | 05/08/2021
Yongcheng Coal and its executives were fined for fraudulent disclosures and for inflating its books. The company defaulted on a CNY 1 billion bond last year.
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