Fraud, Scams & Cybercrime

1,200 Victims Freed from ‘Notorious’ Scam Centre in Myanmar

04/03/2024

Most of the rescued victims are Chinese nationals, who are being taken to an airport in Thailand and flown back to China.

PEPs & Sanctions

Boeing Fined $51m for Arms Export Control Violations

04/03/2024

Boeing is also required to engage a special compliance officer for at least two years and spend a further $24mn on strengthening its compliance programme.

PEPs & Sanctions

EU Commission Launches New Sanctions Tracking Tool

04/03/2024

The tracker shows that a total of 3,677 individuals and 1,018 entities are currently listed across the EU’s 35 sanctions regimes.

PEPs & Sanctions

Japan Announces New Round of Sanctions on Russia

04/03/2024

The sanctions target a total of 12 individuals and 37 entities, add new export restrictions, and implement the G7 ban on Russian diamonds.

Anti-Money Laundering

Russia Re-rated on Four FATF Recommendations

04/03/2024

Russia was upgraded on R.6, R.7, and R.25, and downgraded on R.15 because digital currency activities are largely unregulated.

PEPs & Sanctions

Canada Sanctions Six Over Death of Alexei Navalny

03/03/2024

The targets include senior officials and high-ranking employees of Russia’s prosecution, judicial and correctional services.

Payments & Settlements

China to Improve Payment Convenience for Foreign Visitors

03/03/2024

Alipay and WeChat Pay are directed to raise their transaction limits for foreigners and improve their ability to link to foreign bank cards.

Fraud, Scams & Cybercrime

NY Court Allows Bangladesh Case Against RCBC to Proceed

03/03/2024

Bangladesh Bank’s lawsuit against the Philippines’ RCBC and its senior executives will be allowed to proceed, minus three causes of action.

Conduct, Culture & Accountability

Japan: Major Insurers Commit to Divesting Cross-Held Shares

03/03/2024

The insurers also imposed disciplinary measures against 132 executives and employees, including pay cuts, over a price-fixing scandal.