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Following the SVB failure, Britain is reviewing plans for "Edinburgh" light regulation.
Britain's intentions to re-introduce light touch regulation was being reassessed this week in light of the SVB collapse. To make the UK...
Mar 15, 20232 min read
Damage control by regulators in the wake of SVB and Signature Bank collapses
The failure of two banks with a combined $264 billion in deposits sparked action over the weekend from the White House, the Department of...
Mar 14, 20233 min read
What led to the failure of Silicon Valley Bank?
Friday's shutdown and takeover of SVB Financial Group Inc. (SIVB.O) by banking regulators might be attributed to the US Federal Reserve...
Mar 13, 20232 min read
Ex Goldman Sachs banker sentenced to 10 years in prison for looting billions from Malaysia's 1MDB
On Thursday, former Goldman Sachs banker Roger Ng was given a 10-year prison sentence for his role in the theft of billions of dollars...
Mar 10, 20232 min read
FCA cautions that strict regulations are required to "detoxify" the cryptocurrency market.
To "detoxify" crypto to eliminate conflicts of interest, protect user money, and compel dramatic changes to business models, Britain's...
Mar 9, 20232 min read
Israel's central bank will report more regularly on international money transactions.
A representative for the Bank of Israel said Tuesday that local banks have been asked to report more often on the movement of money into...
Mar 8, 20231 min read
"Five Eyes" Embassy personnel are prohibited from using Revolut due to suspected ties with Russia
It has been reported that key embassy personnel within the 'Five Eyes' western intelligence alliance are forbidden from using Revolut due...
Mar 7, 20236 min read
The Hong Kong elite are under pressure to give up their western passports.
Beijing is pressuring Hong Kong's elite to relinquish their western passports in order to be picked for the Chinese parliament, in an...
Mar 6, 20233 min read
US adds 28 Chinese organizations to its trade blacklist
Washington has placed 28 Chinese organizations on a trade blacklist for allegedly violating US sanctions by exporting technology for...
Mar 3, 20232 min read
Rammos reveals Greece's political misuse of spyware
Christos Rammos is exerting control over the Greek government. Since the summer, Rammos has been the primary investigator of the...
Mar 2, 20234 min read
South Africa and Nigeria have been added to the FATF's AML/CFT watchlist
FATF placed Nigeria and South Africa on its so-called "grey list" of nations requiring increased monitoring due to weaknesses in their...
Feb 28, 20232 min read
20 money launderers arrested in Spanish investigation
Police have detained 20 suspected money launderers and drug traffickers and seized assets worth over €5.5 million, it has been reported....
Feb 24, 20232 min read
EU countries need an agency similar to OFAC to combat "massive" Russian sanctions evasion
Twelve Member States have urged that the EU have its own OFAC-like body to enforce EU sanctions. The governments, led by the Netherlands,...
Feb 23, 20233 min read
France says India, Saudi Arabia, and the United States are blocking pillar one.
According to French Finance Minister Bruno Le Maire, the EU should not rule out adopting pillar one alone if global talks fail. On...
Feb 22, 20232 min read
Belgium acknowledges a crime emergency and appoints a Drug Commissioner for the port of Antwerp
Finally responding to the organized criminal issue at the port of Antwerp, Belgium has declared a "crime emergency" and appointed a...
Feb 21, 20232 min read
With the departure of compliance professionals, regulators are scrutinizing Revolut's processes
It has been disclosed that regulators are reviewing the procedures Revolut puts in place to avoid financial crime. It follows an...
Feb 20, 20232 min read
Chainanalysis: In 2022, Bitcoin Theft Increased while Scams and Ransomware Reward Decreased
In its latest Crypto Crime Report, blockchain analytics firm Chainalysis notes that the number of crime-related transactions increased...
Feb 17, 20232 min read
The cash-for-influence scandal in Qatar expands to include more EU legislators.
An international arrest order reveals that Belgium has expanded its investigation into suspected corruption and influence-buying by Qatar...
Feb 16, 20234 min read
Frequently Asked Questions on the Transfer Pricing Documentation Rules published
On 10 February 2023, the Cyprus Tax Department (CTD) added a new section to its website titled "Frequently Asked Questions" (FAQs)...
Feb 14, 20233 min read
US imposes penalties on Bulgarian government officials for "extensive involvement in corruption"
Five current or former Bulgarian government officials have been sanctioned for involvement in corruption by the United States. The Office...
Feb 14, 20236 min read
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