On February 9, 2023, the Hong Kong Monetary Authority (HKMA) published revised guidance relating to transaction monitoring, screening, and suspicious transaction reporting. The paper replaces previous versions that were published in 2013 and 2018, highlighting key observations from the HKMA’s […]
Following the Financial Action Task Force’s (FATF’s) second plenary under its two-year Singapore Presidency, the global watchdog has published a new report on Money Laundering and Terrorist Financing in the Art and Antiquities Market. The report aims to increase awareness […]
On February 18, 2023, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced it had signed a Memorandum of Understanding (MOU) with two British regulators in an effort to further crack down on international financial crime. The agreements were signed […]
On February 17, the United States Department of Justice (DOJ) indicted a senior oil and gas trader and a Brazil-based intermediary in relation to a bribery and money laundering scheme allegedly centered around securing contracts with the Brazillian energy company […]
In a joint action supported by Europol, a Franco-Israeli organized crime network has been dismantled following its involvement in a cyber-enabled financial scheme that defrauded multiple companies of more than €34 million. Law enforcement agencies across six European countries were […]
On February 9, the UK Office of Financial Sanctions Implementation (OFSI) issued new public guidance on ransomware and financial sanctions. The report reminds firms that making ransomware payments to designated entities is prohibited and that breaching financial sanctions is “a […]
The Liberal and Nationals Government of New South Wales (NSW) has unveiled its plan to make all poker machines in the state cashless by 2028, following an inquiry by the NSW Crime Commission. According to the state’s Premier Dominic Perrottet, […]
The US Department of Justice (DOJ) has indicted Russian citizen and US resident, Vladimir Voronchenko, for facilitating a sanctions evasion and money laundering scheme connected to the assets of Russian oligarch Viktor Vekselberg. According to court documents, the defendant is […]
On February 3, 2023, the Australian government published a consultation paper, exploring which elements of the cryptocurrency ecosystem require additional regulation. This paper follows a joint statement issued in August 2022 by Treasurer Jim Chalmers and Assistant Minister for Competition, […]
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has published an operational alert to help reporting entities recognize suspicious financial transactions related to the illegal wildlife trade (IWT). Produced in collaboration with members of Project Anton – an […]
The UK government has announced that fraud will be reclassified as a national security threat, giving it the same status as terrorism. Additionally, fraud will be added to the Strategic Policing Requirement, meaning the armed forces will be required to […]
On January 26, 2023, the US Department of Justice (DOJ) announced the outcome of a months-long coordinated operation to dismantle the ransomware-as-a-service (RaaS) network, Hive. Having targeted more than 1,500 victims in over 80 countries, threat actors have previously used […]
EN
FR