About Events Contact

Regulatory Update

Reset Filter

Jurisdictions

Industry Sectors

Predicate Crimes

Enforcement

Regulatory Update

Featured Regulatory Update

Diplomats: Europeans weigh sanctions on Venezuela’s Maduro

AP — Major European nations are considering imposing sanctions on Venezuela’s Nicolás Maduro and several top officials for their recent crackdown on political opponents, although divisions remain over the timing of any action for fear of derailing a negotiated exit to the country’s crisis, The Associated Press has learned. The… Read More

Dominica removed from EU tax haven blacklist

The Caribbean island of Dominica has been removed from a European Union list of tax havens, the EU said on Friday. Dominica changed its tax rules to comply with EU requirements meant to reduce the risks of tax evasion, the EU said in a statement. The EU said 11 jurisdictions… Read More

Canada to Allocate More Funding to Fight Money Laundering

The government of Canada has agreed to take new steps to fight money laundering, including launching a consultation on corporate transparency requirements and allocating more funding for law enforcement. The measures, announced in Vancouver on Thursday, will direct an additional $10 million CAD for the Royal Canadian Mounted Police… Read More

14th June 2019

UK watchdog under fire for lack of penalties in RBS small-business scandal

Senior politicians have lambasted Britain’s financial watchdog for failing to take action against RBS or its former executives for past mistreatment of small business customers. The Financial Conduct Authority (FCA) said it was sticking by its decision not to apply penalties for actions of RBS’s former turnaround unit, the Global… Read More

14th June 2019

Latvian parliament votes to reform banking watchdog in wake of scandals

Latvia’s parliament on Thursday passed a bill aimed at strengthening control over the financial watchdog as the Baltic state moves to distance itself from a series of scandals that have hit the banking sector in recent years. The country’s new government, formed in January after months of political deadlock, hopes… Read More

14th June 2019

Trump administration reviewing foreign money to US colleges

AP — The U.S. Education Department has opened investigations into foreign funding at Georgetown University and Texas A&M University as part of a broader push to monitor international money flowing to American colleges. Both universities are being ordered to disclose years of financial records amid concerns they have not fully… Read More

13th June 2019

Australia financial crime watchdog orders audit of Afterpay

Australia’s financial crime watchdog said it will audit buy-now-pay-later provider Afterpay Touch Group Ltd to ensure it was complying with anti-money-laundering and counter-terrorism financing laws, sending the company’s shares down. “The audit will help identify if Afterpay has developed and implemented the systems and controls it needs to ensure it… Read More

13th June 2019

FCA Outlines Risks of Money Laundering to Capital Markets

Investment banks and other firms participating in UK capital markets must do more to understand their potential exposure to money laundering, according to the Financial Conduct Authority (FCA). In a thematic review published Tuesday, the FCA found that most financial institutions involved in the trading of shares, derivatives, bonds… Read More

12th June 2019

Grab eyes Singapore banking license as regulator studies virtual banks – sources

Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said. Grab is close to hiring a consultancy to advise it on its banking potential and is gearing up… Read More

12th June 2019

Bipartisan Senate Group Backs Wide-Ranging AML Bill

It is one of the most ambitious anti-money laundering (AML) bills presented to the US Congress in years, though its greater distinction may be that it arrives with something harder to come by than ambition on Capitol Hill: bipartisan support from well-placed lawmakers. Four members of the Senate Banking Committee—Sens. Read More

10th June 2019

Nevada to try limited banking for cash-heavy pot industry

AP — A new state law allowing Nevada to test out a limited marijuana banking system is expected to bring some relief to the state’s booming cannabis industry where dispensaries and other businesses are forced to deal in cash. The measure, signed into law Wednesday by Democratic Gov. Steve Sisolak,… Read More

7th June 2019

U.S. Senate Democrats seek Fed probe into Deutsche Bank and Trump

A group of U.S. Senate Democrats is urging the Federal Reserve to investigate Deutsche Bank AG’s relationship with President Donald Trump and his son-in-law and adviser Jared Kushner. The lawmakers, led by Senators Chris Van Hollen and Sherrod Brown, the senior Democrat on the Senate Banking Committee, said news reports… Read More

7th June 2019

EU Recommends AML Measures for Six Countries

The European Commission on Wednesday called on six EU member-states to bolster their anti-money laundering (AML) supervisory and enforcement efforts in light of recent bank scandals and the risks of crypto-assets. The requests highlight recent efforts by Denmark, Estonia, Latvia, Bulgaria, Sweden and Malta… Read More

Must Read

UAE Convicts Alleged 1MDB Co-Conspirators: Report

Diplomats: Europeans weigh sanctions on Venezuela’s Maduro

Aiding “organised crime”: India alleges 22 audit violations by Deloitte, KPMG arm in fraud case

Hong Kong tycoons start moving assets offshore as fears rise over new extradition law

Dominica removed from EU tax haven blacklist