The fine is the largest issued against a Chinese bank this year. In 2022, Bank of Shanghai had more complaints against it than any other corporate bank.
May 8, 2023Crypto exchanges will be obliged to share information on users and screen customers against sanctions lists.
October 18, 2022Recent rate fixing is called "discriminatory" against exporters. A new legal framework is being set out to facilitate the confiscation of unreported offshore assets.
September 18, 2022The FATF and INTERPOL will work to improve international efforts to freeze, seize and confiscate criminal assets including by enhancing cooperation frameworks and available tools.
September 14, 2022Japan's organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.
June 13, 2022The rules will enable aggrieved investors to claim compensation from amounts already paid by securities violators in fines and confiscations.
March 16, 2022Plenary adopts amendments to Recommendation 24, approves revised methodology for mutual evaluations, publishes draft guidance for real estate sector.
March 7, 2022The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
August 31, 2021The bill enables law enforcement to inspect the IWT-associated financial flows of individuals and companies and confiscate their proceeds of crime.
August 19, 2021