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International
Enforcement
Trafigura Agrees to Pay $126m to Settle FCPA Violations
By Editors | 01/04/2024
The DOJ says Trafigura bribed Brazilian officials from 2003 and 2014 to illegally obtain and retain business and reap over $61mn in profits.
Sanctions
Russia Blocks UNSC Resolution to Extend Mandate of DPRK Expert Panel
By Editors | 31/03/2024
The Russian veto will force the panel of experts to disband at the end of April, though the UNSC sanctions against North Korea will remain in place.
AML / KYC
FATF Sheds Light on Global Implementation of Crypto Standards
By Manesh Samtani | 31/03/2024
91% of jurisdictions with materially important VASP activity have enacted or are in the process of enacting AML/CTF requirements for VASPs.
Crypto / Digital Assets
Nigeria Files Charges Against Binance & Executives
By Editors | 31/03/2024
One of the two Binance executives detained last month escaped custody. Both executives and Binance are accused of money laundering and tax evasion, among other charges.
Sanctions
US, UK Announce New Sanctions Targeting Hamas Financing
By Editors | 29/03/2024
Two individuals and three entities were sanctioned by the US and UK for engaging in fundraising efforts to support Hamas.
AML / KYC
Wolfsberg Group Addresses Role of Internal Audit Function
By Editors | 29/03/2024
The Group offers a set of principles as guidance for the IA function to promote effective financial crime risk management within FIs.
Sanctions
US and South Korea Jointly Announce New DPRK Sanctions
By Editors | 29/03/2024
The US and South Korea also launched a new task force that will work to disrupt North Korean refined oil procurement networks.
Sanctions
Businesses Have Lost Over $100bn From Russia Exits – Report
By Editors | 28/03/2024
Russia has steadily tightened its exit requirements as sanctions pressure has ramped up. It now demands discounts of at least 50% on foreign asset sales.
Sanctions
Russia Buys its Own Diamonds to Support State-owned Alrosa
By Editors | 28/03/2024
The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.
Sanctions
US, UK Probing $20b in Tether Transfers to Russia’s Garantex – Report
By Editors | 28/03/2024
There is no immediate suggestion of wrongdoing by Tether Holdings, the BVI-incorporated issuer of USDT.
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