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International
Cloud & Infrastructure
The Compliance Complexity Driving RegTech Demand in APAC
By Ed Probst | 02/04/2024
The growing complexity of regulatory requirements including in the reporting space is prompting FIs to rethink their approach to compliance, says Ed Probst.
PEPs & Sanctions
Russia Using Tether Stablecoin to Circumvent Sanctions – Report
By Editors | 02/04/2024
One China-based smuggler used a Hong Kong distributor, shipments via Central Asia, and Tether for payments to fulfill Russian orders for drone parts.
Anti-Bribery & Corruption
Two Ex-Sembcorp Marine Execs Charged in Singapore for Corruption Offences
By Editors | 01/04/2024
The two former executives face five charges over bribes paid to Brazilian officials and politicians to further the company’s business interests in the country.
Anti-Bribery & Corruption
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.
PEPs & 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.
Anti-Money Laundering
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.
Anti-Money Laundering
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.
PEPs & 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.
Supervision & Enforcement
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.
PEPs & 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.
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