by Jyotsna Bucktowar | Oct 13, 2024 | News
UNODC ‘Transnational Organised Crime’ report exposes escalating threat of organised crime in the Pacific. It reveals that foreign crime syndicates, primarily from Asia and the Americas, are exploiting the Pacific’s strategic location to traffic illicit...
by Jyotsna Bucktowar | Oct 12, 2024 | News
Council of the EU establishes new sanctions framework against those responsible for destabilising activities against the EU and its member states. he EU will as of now be able to address a variety of hybrid threats, such as the functioning of democratic…
by Jyotsna Bucktowar | Oct 12, 2024 | News
FCA fines Starling Bank £28.96m for serious shortcomings in its AML systems, notably regarding financial sanctions screening and the identification of beneficial owners and high-risk individuals. Starling was not screening its customers against sanctions…
by Jyotsna Bucktowar | Oct 11, 2024 | News
US DOJ seizes over US $6m in suspected proceeds from a cryptocurrency confidence scheme. These schemes typically involve criminals manipulating potential victims via misdirected texts or dating apps, leading them to fake investment platforms…
by Jyotsna Bucktowar | Oct 10, 2024 | News
IOSCO announces Final Report on Investor Education on Crypto-Assets, highlighting risks such as volatility and potential fraud associated with crypto investment. The report also describes some changes in the regulatory landscape of certain IOSCO…
by Jyotsna Bucktowar | Oct 9, 2024 | News
FATF’s update on Kuwait’s AML/CFT measures shows investigative progress but emphasise the need for better case understanding, prosecution, and asset-freezing enforcement. uwait has increased ML investigations, but challenges remain in securing…
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