United States

PEPs & Sanctions

US Urges Korea to Restrict Technology Exports to China

By Editors | 03/04/2024

The US has asked South Korea to restrict the flow of equipment and technologies for making high-end logic and memory chips to China.

Supervision & Enforcement

Hong Kong Insurance Authority Signs Collaboration MoU with HKPF

By Sanday Chongo Kabange | 03/04/2024

The Insurance Authority and Hong Kong Police Force will collaborate on case referrals, joint investigations and capacity building.

Cloud & Infrastructure

The Compliance Complexity Driving RegTech Demand in APAC

By Ed Probst | 02/04/2024

The growing complexity of regulatory requirements including in the reporting space is prompting FIs to rethink their approach to compliance, says Ed Probst.

KYC & CDD

FinCEN Considers Changes to CIP Rule to Modernise AML/CFT Regime

By Sanday Chongo Kabange | 02/04/2024

FinCEN is considering changes to requirements for banks to collect a full Social Security number from customers during onboarding.

PEPs & Sanctions

Russia Using Tether Stablecoin to Circumvent Sanctions – Report

By Editors | 02/04/2024

One China-based smuggler used a Hong Kong distributor, shipments via Central Asia, and Tether for payments to fulfill Russian orders for drone parts.

Anti-Bribery & Corruption

Trafigura Agrees to Pay $126m to Settle FCPA Violations

By Editors | 01/04/2024

The DOJ says Trafigura bribed Brazilian officials from 2003 and 2014 to illegally obtain and retain business and reap over $61mn in profits.

PEPs & Sanctions

Russia Blocks UNSC Resolution to Extend Mandate of DPRK Expert Panel

By Editors | 31/03/2024

The Russian veto will force the panel of experts to disband at the end of April, though the UNSC sanctions against North Korea will remain in place.

Fraud, Scams & Cybercrime

FTX Founder Sam Bankman-Fried Sentenced to 25 Years

By Editors | 31/03/2024

The judge also ordered the forfeiture of more than $11bn for properties and assets Bankman-Fried bought with customer funds.

PEPs & Sanctions

US, UK Announce New Sanctions Targeting Hamas Financing

By Editors | 29/03/2024

Two individuals and three entities were sanctioned by the US and UK for engaging in fundraising efforts to support Hamas.