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Singapore's upcoming 'first of its kind' AML data sharing network
A "first of its kind" AML data exchange platform for banks is about to go live in Singapore and will be operating as of next year. Six...
Oct 31, 20222 min read
Beijing's sanctioned EU lawmakers, will soon travel to Taiwan
Following the Chinese ruling party's top congress, a delegation of eight European lawmakers, two of whom have been sanctioned by Beijing,...
Oct 31, 20222 min read
Former JPMorgan compliance executive settles SOX whistleblower action with bank
A compliance officer who sued JPMorgan Chase on the grounds that she was terminated for reporting weaknesses in the bank's anti-money...
Oct 27, 20221 min read
Due to the cost of living problem, children are increasingly used as money mules
Due to the cost-of-living crisis, children as young as 14 are being employed by criminal gangs as "money mules." Police have noticed "a...
Oct 27, 20223 min read
The Singapore Central Bank has proposed regulations for crypto trading and stablecoins
In an effort to lessen the potential of consumer harm from the industry's volatility, Singapore's central bank has proposed additional...
Oct 27, 20222 min read
Rishi Sunak: "We face a profound economic challenge. We only have one chance, to succeed."
Rishi Sunak, the newly elected leader of the Tories, promised to lead the UK "with integrity and humility" but he also stated that the...
Oct 25, 20222 min read
Credit Suisse was ordered to pay €238M for AML breaches in France
Credit Suisse, agreed to pay €238M on Monday to settle an AML inquiry in France. It comes after a protracted French investigation into a...
Oct 25, 20222 min read
Being blacklisted by FATF is very rare, which is why Myanmar was branded as a pariah
Just recently, the Financial Action Task Force (FATF) updated its two public publications, which are together known as "High-risk and...
Oct 25, 20224 min read
Malta recovers from the FATF delisting
Following FATF's decision to remove the smallest member of the EU off its "grey-list" earlier this year, Malta's attractiveness for...
Oct 24, 20222 min read
The outcome of Brazil's general election might affect TP regulations
The timing of Brazil's OECD compliance, according to tax directors from three MNEs, including JTI, is dependent on the impending...
Oct 21, 20225 min read
Second raid on Deutsche's Frankfurt headquarters related to the "cum-ex" controversy
The Frankfurt offices of Deutsche Bank have been searched by police for the second time. German investigators searched 10 current and...
Oct 21, 20222 min read
Sanctions Are Ineffective Against Iran and Russia - How Putin Destroyed Western Arrogance
Sanctions play a significant role in international diplomacy, whether they are applied to forward geopolitical objectives or to sway the...
Oct 20, 20225 min read
KPMG affiliates were fined $275K for working with unregistered firms
Three KPMG affiliates agreed to pay a combined $275,000 in fines for failing to disclose unregistered firm participation in public...
Oct 20, 20222 min read
Ex-Compliance Officer for the Malta Gaming Authority convicted by a German court
Iosif Galea was found to have committed tax evasion A German court has convicted Iosif Galea, a former compliance officer at the Malta...
Oct 20, 20221 min read
British lawmakers demand "economic crime tribunals" to deal with the backlog of fraud cases.
Members of the United Kingdom's parliament (MPs) have urged the British government to test specialised economic crime tribunals in order...
Oct 19, 20222 min read
The FBI has joined a FIFA task force to investigate potential match-fixing at the Qatar World Cup
The FBI will provide 'knowledge and expertise' to the panel. The FBI will collaborate with FIFA to defend the forthcoming World Cup in...
Oct 19, 20221 min read
A unit of ING is being probed for allegations of money laundering.
A division of the Dutch banking conglomerate ING is under investigation for possible money laundering. The Fiscal Information and...
Oct 18, 20222 min read
Third countries have agreed to the EU's eighth round of Russia sanctions.
Yesterday, the EU High Representative stated that third countries agreed with EU Council measures that are part of the EU's 8th package...
Oct 18, 20221 min read
SEC ruling targeting recidivist Oracle avoids the issue
In settlement agreements involving violations of regulatory compliance, the most significant and important information is frequently left...
Oct 16, 20223 min read
Attempting to determine the fair price for an NFT, CoinShares has released an experimental AI bot
An experimental artificial intelligence (AI) bot was made available by the European-based digital asset management platform CoinShares on...
Oct 14, 20223 min read
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