International

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    PEPs & Sanctions

    Russia Court Authorises Seizure of JPM, Commerzbank Assets

    By Editors | 08/05/2024

    The arbitration court authorised the seizure of $13.3mn from Commerzbank (Eurasia) JSC, a subsidiary of JPMorgan and Commerzbank.

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    Anti-Money Laundering

    FinCEN Issues Advisory to Help FIs Detect Terrorist Financing

    By Manesh Samtani | 08/05/2024

    The Advisory describes how Iran finances terrorist organisations and provides red flags to aid in detection, prevention, and reporting.

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    AI Risk & Governance

    OECD Updates AI Principles to Address Safety Concerns

    By Mark Johnston | 08/05/2024

    The OECD has updated its AI Principles to mitigate risks and prevent bias, discrimination, and misinformation.

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    Tokenisation

    Regulatory Hurdles Limit Adoption of Tokenised Alternative Assets

    By Nithya Subramanian | 08/05/2024

    Moody’s Investors Service outlines the technical and regulatory hurdles that may limit adoption of tokenised alternative assets.

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    Fraud, Scams & Cybercrime

    Authorities Charge Russian Leader of Cybercrime Group LockBit

    By Manesh Samtani | 08/05/2024

    US prosecutors unsealed 26 charges against Dmitry Khoroshev, who is now also sanctioned by the US, UK and Australia.

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    Anti-Money Laundering

    Egmont Group Tackles NPO Abuse for Terrorist Financing

    By Manesh Samtani | 08/05/2024

    New Egmont Group report describes how NPOs are exploited for TF purposes and offers recommendations to address this risk.

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    KYC & CDD

    BNP Paribas Becomes Latest LEI Validation Agent

    By Editors | 08/05/2024

    BNP Paribas is the first G-SIB headquartered in the EU to join GLEIF’s Validation Agent programme.

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    PEPs & Sanctions

    Russia Investing Accumulated Rupees in India – Reports

    By Editors | 08/05/2024

    Russia is no longer looking to repatriate its rupees as it can now invest in Indian stocks and government securities.

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    PEPs & Sanctions

    US Revokes Licences Allowing Chip Exports to Huawei

    By Editors | 08/05/2024

    Some companies have been notified that their licences to ship goods to Huawei are effectively revoked.

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    PEPs & Sanctions

    EU Commission Proposes 14th Russia Sanctions Package

    By Editors | 07/05/2024

    The package targets transshipments of Russian LNG, “shadow fleet” vessels, the SPFS interbank messaging service, and non-EU companies that help Russia.

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