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International
PEPs & Sanctions
JPMorgan Requests Dismissal of NY Lawsuit Against Russia’s VTB
By Editors | 12/08/2024
JPMorgan said it is seeking to dismiss the lawsuit “against its will” because it faces uncertain risks if it violates an injunction issued by a Russian court.
PEPs & Sanctions
NY Fed Assesses Effectiveness of Tornado Cash Sanctions
By Editors | 11/08/2024
The study found that non-cooperation with the Tornado Cash sanctions was not monetarily driven, but instead motivated by “philosophical reasons”.
PEPs & Sanctions
US, UK, Canada Announce Coordinated Sanctions Against Belarus
By Editors | 11/08/2024
The sanctions mark the four-year anniversary of the 2020 presidential election in Belarus, which was widely regarded as fraudulent.
ESG Data
UK to Introduce Bill Next Year to Regulate ESG Ratings
By Editors | 10/08/2024
The regime will help address a lack of transparency in ratings processes and help support the development of the sustainable finance sector.
Anti-Money Laundering
US Man Arrested for Facilitating DPRK Remote IT Worker Fraud
By Editors | 10/08/2024
DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.
PEPs & Sanctions
Russia, China Working on Regulations to Facilitate Barter Trade – Reports
By Editors | 10/08/2024
New regulatory arrangements being put in place are expected to enable barter deals between Russia and China involving agriculture “as soon as this autumn”.
Fraud, Scams & Cybercrime
UN Committee Approves Global Cybercrime Treaty Despite Opposition
By Manesh Samtani | 10/08/2024
The UN Convention against Cybercrime still needs to be ratified by at least 40 nations at the General Assembly in the fall.
KYC & CDD
Cayman Islands: New Beneficial Ownership Regime Commences
By Editors | 09/08/2024
Beneficial ownership information will not yet be available to the public in light of the November 2022 ruling by the European Court of Justice.
AI Risk & Governance
Google DeepMind Publishes Research on GenAI Misuse Tactics
By Nithya Subramanian | 09/08/2024
The researchers categorise GenAI misuse into two categories – exploitation of GenAI capabilities, and compromise of GenAI systems.
Fraud, Scams & Cybercrime
German Prosecutors Charge Two More Ex-Wirecard Execs
By Ranamita Chakraborty | 08/08/2024
The two executives allegedly breached their fiduciary duties by approving unsecured loans that were used to embezzle “several hundred million euros”.
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