by Jyotsna Bucktowar | Jan 5, 2024 | News
Interpol arrested 3,500 people and seized $300m in a huge international online financial crime operation. The 6 months 0peration targeted seven types of cyber-enabled scams: voice phishing, romance scams, online sextortion, investment fraud, money laundering...
by Jyotsna Bucktowar | Jan 4, 2024 | News
SEC charges global software company SAP $100 million for FCPA violations. SAP inaccurately recorded the bribes as legitimate business expenses in its books and records, despite the fact that certain of the third-party intermediaries could not show that they provided...
by Jyotsna Bucktowar | Jan 3, 2024 | News
HKMA and FSTB consult on regulatory regime for stablecoin issuers and announce new sandbox arrangement. In light of the important roles played by stablecoins in the Web3 and virtual asset ecosystem and the growing interconnectedness between the traditional financial...
by Jyotsna Bucktowar | Dec 18, 2023 | News
UK Govt has refined the approach to Politically Exposed Persons within the ML/TF and Transfer of Funds Regulations 2017. This refinement specifies that banks and other regulated entities should initially treat domestic PEPs, or their family members, as inherently...
by Jyotsna Bucktowar | Dec 17, 2023 | News
EU Council and EU Parliament reach political agreement to criminalise violation of EU sanctions. These include: helping persons subject to EU restrictive measures to bypass a travel ban, trading sanctioned goods and running transactions with states…
by Jyotsna Bucktowar | Dec 16, 2023 | News
FinCEN is planning to propose a long-awaited rule aimed at curbing money laundering in real estate in early 2024. The regulator is also aiming to issue a notice of proposed rulemaking that would require investment advisers flag suspicious transactions to...
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