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Payments & Settlements
US Agencies Target MoneyGram Over Delayed Remittances
By Editors | 24/04/2022
The complaint says the delays caused harm to recipients who were waiting for their money that had become “stuck in” or “looped” in MoneyGram’s systems.
Conduct, Culture & Accountability
CA ANZ May Discipline 12 KPMG Accountants for Cheating
By Editors | 23/04/2022
More than 400 CA ANZ members were found to have cheated on online training tests, but only 12 are being put through the body’s disciplinary process.
PEPs & Sanctions
OFAC Sanctions Russian Crypto Miners, UK Targets Military
By Manesh Samtani | 21/04/2022
OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.
PEPs & Sanctions
US Treasury Sanctions Lazarus Entities Over ‘Ronin Bridge’ Hack
By Editors | 19/04/2022
OFAC has added a list of entities associated with Lazarus to its sanctions list, including a specific Ethereum wallet address associated with the attackers.
PEPs & Sanctions
CNOOC to Exit Western Markets Over Sanctions Risk, Red Tape
By Editors | 18/04/2022
“We cannot predict if the company or its affiliates and partners will be affected by US sanctions in future,” CNOOC said after reviewing its global portfolio ahead of a Shanghai IPO.
Fraud, Scams & Cybercrime
NY Court Acquits Two Philippine Casinos in Bangladesh Bank Case
By Editors | 18/04/2022
Bangladesh Bank says the court did not dismiss the entire case concerning its 2016 hack; only two of the 20 accused were acquitted due to “lack of jurisdiction”.
Anti-Bribery & Corruption
FinCEN Issues Guidance on Detecting Foreign Public Corruption
By Editors | 17/04/2022
The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.
Trading & Investment
US SEC Proposes Registration Requirement for Security-Based SEFs
By Mark Johnston | 16/04/2022
The rules will improve transparency over total return swaps, the instruments partly responsible for last year’s blowup at Archegos Capital Management.
Supervision & Enforcement
Philippine SEC Welcomes New Measures to Combat Illegal Loan Apps
By Editors | 14/04/2022
Starting 11 May, the Google Play Store will introduce a new screening process for personal loan apps targeting users in the Philippines.
Cryptocurrency
Nasdaq Publishes Guide on Global Crypto Regulation
By Editors | 14/04/2022
Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.
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