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United States
PEPs & Sanctions
Russia Court Authorises Seizure of JPM, Commerzbank Assets
By Editors | 08/05/2024
The arbitration court authorised the seizure of $13.3mn from Commerzbank (Eurasia) JSC, a subsidiary of JPMorgan and Commerzbank.
Anti-Money Laundering
FinCEN Issues Advisory to Help FIs Detect Terrorist Financing
By Manesh Samtani | 08/05/2024
The Advisory describes how Iran finances terrorist organisations and provides red flags to aid in detection, prevention, and reporting.
Conduct, Culture & Accountability
US to Ban Certain Incentive-Based Compensation Arrangements
By Editors | 08/05/2024
The proposed ban will also apply to US branches of foreign banks and certain subsidiaries of US financial institutions.
Anti-Bribery & Corruption
US Court Ends Goldman Criminal Case Over 1MDB Work
By Nithya Subramanian | 08/05/2024
Brooklyn federal court dismissed a bribery conspiracy charge against Goldman following the completion of its three-year DPA.
PEPs & Sanctions
Iran Reliant on Malaysia to Finance Terrorist Proxies: US Official
By Editors | 08/05/2024
US officials express concern about the use of Southeast Asian service providers to route illicit sales of Iranian oil.
Fraud, Scams & Cybercrime
Authorities Charge Russian Leader of Cybercrime Group LockBit
By Manesh Samtani | 08/05/2024
US prosecutors unsealed 26 charges against Dmitry Khoroshev, who is now also sanctioned by the US, UK and Australia.
PEPs & Sanctions
OFAC Deploys New Sanctions List Service
By Editors | 08/05/2024
The new service is intended to provide users with easy access to the most up-to-date sanctions lists and sanctions list data.
PEPs & Sanctions
US Revokes Licences Allowing Chip Exports to Huawei
By Editors | 08/05/2024
Some companies have been notified that their licences to ship goods to Huawei are effectively revoked.
Fraud, Scams & Cybercrime
Thailand Targets Mule Accounts in Scam Crackdown
By Mark Johnston | 07/05/2024
Over 300,000 mule accounts have been closed since November. Further measures to address mule accounts in development.
AI Risk & Governance
CFTC Publishes Report on Responsible AI in Markets
By Manesh Samtani | 07/05/2024
The report offers five recommendations on how the CFTC should safeguard financial markets from AI-related risks.
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