International news & developments - May 2017

Written by Holly Whitehead on Wednesday May 31, 2017

UK Region

Money launderer deprived of £120k after an NCA court claim.

SFO investigates suspected bribery at FTSE250 group.

Banks could move 9,000 jobs from UK due to Brexit.

Investigators ‘identifying patterns’ in global cyber-attack.

Fraudsters ‘use tricks of speech’ in cons.

JMLSG revises Parts II and III of its risk-based Guidance in line with proposed new Regulations.

Plans to fold Serious Fraud Office into National Crime Agency comes under attack.

DOJ To Send Fraud Prosecutor To UK Financial Watchdog.


EMEA Region 

Russia will have blockchain regulation in place by 2019.

Czech criminal court terminates proceedings following implementation of a compliance programme.

Hezbollah-linked drug launderer pleads guilty in US court.

Iranian Revolutionary Guard Corps alleged to have adopted drug smuggling to circumvent sanctions.

Bitcoin's Link to Crime Is a Growing Worry, Nordea Bank Warns.

European Parliament Blocks EC Money Laundering Blacklist.

27 arrested in successful hit against ATM black box attacks.

Bank of Ireland fined 3.2 million euros over money laundering controls.

Nigeria’s senate passes bill to combat money laundering.

South African Reserve Bank fines several banks a total of R46.5 million.


APAC Region

China’s financial system at risk despite tighter regulations.

WannaCry ransomware has links to North Korea.

China TV soap on corruption attracts a mass following.

Australia unveils taxation rise for the country’s biggest banks.

Hong Kong regulator SFC proposes measures to tighten cyber security.

Hong Kong and Macau regulators reinforce commitment to fight financial crime.

Samsung reshuffle as corruption case continues.

Singapore regulator imposes financial penalties on Credit Suisse and UON for 1-MBD related transactions.


US Region

Calls for digital currency to be included in new anti money laundering bill.

US Federal Reserve fines Deutsche Bank $41 million.

Florida passes law making crimes with bitcoin money laundering.

The U.S. Department of Justice and Citigroup Inc settle probe into Banamex USA.


LATAM Region

Long read: the biggest ever corruption scandal? 



Banks Turn to Tech for Fraud Fighting Credit Cards.

The Wolfsberg Group publishes updated guidance on Politically Exposed Persons. 


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