A round-up of international news - September 2017

Written by Sarah Reynolds on Thursday October 5, 2017

UK Region

FCA speech on culture and conduct – extending the accountability regime

Tesco fraud trial adjourned as Serious Fraud Office braces for change

Afren bosses charged with $400m fraud that 'triggered collapse' of oil explorer

Isle of Man clamps down on Financial Crime


EMEA Region

FATF publishes mutual evaluation report on Ireland

Money laundering scheme: Azerbaijani Laundromat uncovered

EU prolongs sanctions over actions against Ukraine’s territorial integrity until 15 March 2018 

Experts meet to tackle document fraud as key factor in serious and organised crime and terrorism

Namibia wary of Bitcoin but acknowledges Blockchain

European Banking Authority publishes discussion paper on approach to FinTech


APAC Region

APG issues annual typologies report

Indonesia tightens rules to curb money laundering, terror funding 

Crime syndicates launder $4M every day through Australian Banks 

China issues guidelines to curb money laundering, terrorism financing and tax evasion 

South Korea bans raising money through initial coin offerings

Australia to push through tougher rules for bank executives


US Region

New York Department of Financial Services fines Habib Bank $225 million for AML failings

Canada to review AML measures and suggest improvements

Goldman Sachs steps up recruitment of compliance officers

World will ‘grudgingly’ comply if US steps up Iranian sanctions


LATAM Region

FinCEN warns financial institutions to guard against corrupt Venezuelan money flowing to U.S.

Brazilian corruption case ensnares Ex-Presidents da Silva and Rousseff 

Constant corruption scandals in Latin America draw condemnation from the UN



Counterfeit banknotes found in Cayman

Bahamas ‘In Danger’ Over Money Launder Flaws



U.S., EU fines on banks’ misconduct to top $400 million by 2020: report


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