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Bank of Italy Reports Potentially Illegal Transfers to Russia Amid Sanctions
The Bank of Italy has reported potentially illegal bank transfers from Italian accounts to Russia last year, routed through other...
Jun 28, 20241 min read
New EU Anti-Money Laundering Agency Framework Comes Into Effect
Today marks the enforcement of the regulation establishing the European Union’s new Anti-Money Laundering Authority (AMLA). Until the end...
Jun 28, 20242 min read
CySEC Approves Eurobank’s Full Acquisition Bid for Hellenic Bank
On June 25, the Cyprus Securities and Exchange Commission (CySEC) approved the publication of the Public Offer Document for Eurobank...
Jun 27, 20242 min read
PetroChina International America Settles U.S. Export Control Violation Charges for $14.5 Million
PetroChina International America (PCIA) has agreed to pay a fine and forfeiture totaling $14.5 million to resolve charges with the...
Jun 27, 20242 min read
Singapore Faces Heightened Money Laundering Risks, Says PM Lawrence Wong
Singapore faces higher money laundering and terrorism financing risks compared to other countries due to its status as an international...
Jun 27, 20243 min read
Tilting Point Media Settles for $500,000 Over Illegal Data Collection Allegations
Tilting Point Media (TPM), a popular developer of children’s mobile games, has agreed to pay $500,000 to settle allegations that the...
Jun 26, 20242 min read
Julian Assange Released from British Prison, Expected to Plead Guilty to Violating US Espionage Law
Julian Assange, 52, has been released from a British prison and is anticipated to plead guilty to a US espionage charge, facilitating his...
Jun 26, 20243 min read
Federal Regulators Identify Deficiencies in Derivatives Resolution Plans of Major Banks
Federal banking regulators have found deficiencies in the resolution plans related to the sale of derivatives for Bank of America,...
Jun 26, 20242 min read
Kanon Gaming Limited Fined SEK 7 Million by Swedish Regulator for Multiple Breaches
Kanon Gaming Limited has been fined SEK 7 million ($668,000) by the Swedish regulator, Spelinspektionen, due to several breaches,...
Jun 26, 20241 min read
Clearview AI Settles Class Action Lawsuit with Stake Compensation for Victims
Facial recognition company Clearview AI has reached a preliminary settlement in a class action lawsuit alleging it violated the Illinois...
Jun 25, 20242 min read
Former EIB Chief Werner Hoyer Under Investigation in Corruption Inquiry
Werner Hoyer, the former chief of the European Investment Bank (EIB), has confirmed he is one of the two former officials being...
Jun 25, 20242 min read
EU Money Laundering Regulator AMLA to Oversee Senior Finance Workers
The EU’s new money laundering regulator, the Anti-Money Laundering Authority (AMLA), is set to oversee senior finance workers among its...
Jun 25, 20242 min read
Monaco Faces Potential Greylisting by FATF at Upcoming Singapore Plenary
The city-state of Monaco is on the brink of being greylisted at the Financial Action Task Force (FATF) plenary set to take place this...
Jun 25, 20242 min read
UK Delays Review of "Politically Exposed" Bank Clients Until After Election
Britain's financial watchdog, the Financial Conduct Authority (FCA), has postponed the release of its review on how banks conduct...
Jun 21, 20241 min read
HMRC Fails to Fine a Single Offshore Tax Enabler in Five Years Despite Penalty Powers
HM Revenue and Customs (HMRC) has not fined a single 'enabler' of offshore tax evasion or non-compliance in the past five years, despite...
Jun 21, 20242 min read
EU's AMLA to Regulate Largest Financial Institutions Across Multiple Member States
The establishment of the EU’s Anti-Money Laundering Authority (AMLA) marks a significant shift in the world of anti-money laundering...
Jun 21, 20242 min read
EU's AMLA to Regulate Largest Financial Institutions Across Multiple Member States
The establishment of the EU’s Anti-Money Laundering Authority (AMLA) represents one of the most significant changes in the AML landscape...
Jun 21, 20242 min read
MONEYVAL Eases Oversight of Hungary After Improvements in Money Laundering and Digital Asset Regulation
MONEYVAL, the Council of Europe’s anti-money laundering committee, is reducing its oversight of Hungary after the country enhanced its...
Jun 20, 20242 min read
Guidehouse and Nan McKay & Associates Settle for $11.3 Million Over Cybersecurity Failures
Guidehouse and Nan McKay & Associates (NM) will collectively pay $11.3 million to the Department of Justice (DOJ) to settle allegations...
Jun 20, 20242 min read
British Virgin Islands ITA Issues New Economic Substance Rules: UAE Removed from No-Tax Jurisdiction List
On April 2, the British Virgin Islands’ International Tax Authority (ITA) released Version 4 of its Rules on Economic Substance (ES),...
Jun 20, 20242 min read
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