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International
PEPs & Sanctions
OFAC Targets Financial Facilitators of al-Shabaab Militant Group
By Editors | 12/03/2024
OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.
Anti-Money Laundering
FATF Issues Final Guidance to Support Implementation of R.25
By Editors | 12/03/2024
The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.
Fraud, Scams & Cybercrime
INTERPOL Unveils Results of Global Fraud Risk Assessment
By Editors | 12/03/2024
The assessment specifically identifies Asia as being the “focal point” of pig butchering fraud schemes, especially in poorer countries across the region.
PEPs & Sanctions
Canadian FIs Required to Treat Russia as FATF-Blacklisted
By Editors | 12/03/2024
A ministerial directive requires Canadian FIs to treat every financial transaction connected to Russia as high-risk regardless of size.
Cryptocurrency
Bankrupt BlockFi to Achieve Full Recovery for Customers
By Editors | 11/03/2024
BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.
Fraud, Scams & Cybercrime
Montenegro Approves Extradition of Do Kwon to South Korea
By Mark Johnston | 11/03/2024
Do Kwon now faces extradition to South Korea rather than the US after 23 March following a new court ruling.
PEPs & Sanctions
EU States Step Up Efforts to Prevent Sanctions Circumvention
By Editors | 11/03/2024
Cases in Finland, Lithuania, Austria, Germany and Georgia show the pervasive the issue is, as well as signs that a deeper crackdown is underway.
PEPs & Sanctions
Iran Court Allows Confiscation of US Oil in Response to Sanctions
By Editors | 10/03/2024
Proceeds from the confiscated oil will be used to compensate victims of a rare skin disease who have been unable to access certain medical items due to US sanctions.
PEPs & Sanctions
Canada Announces New Iran Sanctions for Human Rights Abuses
By Editors | 10/03/2024
The sanctions target two individuals for their participation in the “violent repression of Iranian citizens, targeting in particular women and girls”.
AI Risk & Governance
INTERPOL Updates Guidance on AI Innovation in Law Enforcement
By Editors | 10/03/2024
The updated toolkit provides additional guidance for law enforcement agencies on AI governance, ethics and strategy development.
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