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International
AML / KYC
GCFFC Estimates Human Trafficking Proceeds at $498b for 2024
By Manesh Samtani | 28/04/2024
APAC has the most human trafficking victims compared to other regions, including in terms of forced criminality, forced marriages, and sexual exploitation.
Sanctions
Russia Places Two EU Companies Under Gazprom Management
By Editors | 28/04/2024
Italy’s Ariston and Germany’s BSH Hausgeraete were placed under the management of JSC Gazprom Household Systems.
AML / KYC
US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”
By Editors | 27/04/2024
Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.
Sanctions
France Proposes New Sanctions to Target Russian Disinformation
By Editors | 27/04/2024
The sanctions would target the disinformation on social media, the use of AI-generated deep fakes, the creation of fake websites, and election interference.
Sanctions
Japan Proposes to Tighten Export Control Regulations
By Editors | 27/04/2024
Companies would be required to report transfers of technology in areas where Japan has an advantage over other countries, and seek approval for such exports.
Capital / Liquidity
Revised BCBS Standards on Banking Supervision Take Effect
By Manesh Samtani | 27/04/2024
BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management.
Capital / Liquidity
FSB Launches New Standards to Support Orderly CCP Resolution
By Editors | 26/04/2024
The new standard aims to ensure that resolution authorities have ready access to resolution-specific financial resources and tools.
Sanctions
US, UK, Canada Announces More Sanctions for Iran’s Airstrike
By Editors | 26/04/2024
The US targeted 16 entities, eight individuals, five vessels and one aircraft. The UK and Canada also sanctioned targets involved in Iran’s drone and missile industries.
Enforcement
DOJ Charges Two Chinese Nationals for IEEPA Violations
By Editors | 26/04/2024
The two individuals (one arrested) conspired to evade export controls to obtain US chip-making technology for a prohibited Chinese company.
Sanctions
US President Signs National Security Package Into Law
By Editors | 25/04/2024
Among other things, the package broadens sanctions on Iran, allows confiscation of Russian assets, and requires TikTok to separate from ByteDance.
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