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Money Laundering

Dubai Billionaire Jailed, Deported for $27M Fraud

Fraud, Bribery & Corruption May 6, 2025

Balvinder Singh Sahni, widely known as "Abu Sabah," is a prominent Indian-origin businessman based in Dubai. He is the founder and chairman of the RSG Group of Companies, a conglomerate with interests in real estate, automotive, and industrial sectors across the Middle East. Sahni...

Former Peruvian President Ollanta Humala Sentenced to 15 Years for Money Laundering

April 15, 2025

Former Peruvian President Ollanta Humala has been sentenced to 15 years in prison after being found guilty of money laundering in a landmark ruling by a court in Lima. The conviction marks a...

DFSA Confirms Rulebook Amendments Across Multiple Regulatory Modules

February 27, 2025

The Dubai Financial Services Authority (DFSA) has confirmed a series of legislative amendments to its Rulebook following the conclusion of the consultation period outlined in Consultation Paper No. 163. These changes, made after...

AMLC Issues New Guidelines for Reporting Covered and Suspicious Transactions

December 11, 2024

Under the Anti-Money Laundering Act (AMLA), entities classified as covered persons are legally required to report specific financial transactions to the Anti-Money Laundering Council (AMLC). These include both covered transactions and suspicious transactions, which must...

Money Laundering

Dubai Billionaire Jailed, Deported for $27M Fraud

Fraud, Bribery & Corruption May 6, 2025

Former Peruvian President Ollanta Humala Sentenced to 15 Years for Money Laundering

April 15, 2025

Former Peruvian President Ollanta Humala has been sentenced to 15 years in prison after being found guilty of money laundering in a landmark ruling by a court in Lima. The conviction marks a...

DFSA Confirms Rulebook Amendments Across Multiple Regulatory Modules

February 27, 2025

USA
Events: 10,500 events
Fines: USD290 Bn
Imprisonment: 1,245,000 months
Entities (including individuals and organizations): 17K

UK
Events: 1,750 events
Fines: USD18 Bn
Imprisonment: 150,000 months
Entities: (including individuals and organizations): 3K

India
Events: 510 events
Fines: USD45 Mn
Imprisonment: 3,800 months
Entities: (including individuals and organizations): 400

South Africa
Events: 120 events
Fines: USD32 Mn
Imprisonment: 20,090 months
Entities: (including individuals and organizations): 190

Screening

IDAHOT 2024: freedom and equal rights in Europe | News item

KYC May 8, 2024

Together with the Council of Europe, the Netherlands is hosting the European IDAHOT+ Forum in The Hague from 14 to 16 May. The forum is an important conference on the position and human...

AMLYZE and Plumery Join Forces to Redefine FinTech: Fusion of Cutting-Edge Anti-Financial Crime Tech with Next-Gen Digital Banking

PEPs November 24, 2023

AMLYZE, a distinguished RegTech specializing in combating financial crimes, and Plumery, a leading provider of digital banking solutions, have announced a strategic partnership. This collaboration aims to reshape the FinTech landscape by integrating...

ESG

FSA Weekly Review No.595 July 19, 2024

ESG July 19, 2024

July 11, 2024 Publication of a draft Cabinet Order, draft Cabinet Office Orders, and a draft regulatory notice in response to the enactment (in FY 2023) of the "Act Partially Amending the Act on Book-Entry Transfer of Corporate Bonds and Shares," etc. to respond to changes in the environment involving advances in information technology <Summary> The FSA published a draft Cabinet Order, draft Cabinet Office Orders, and a draft regulatory notice (hereinafter collectively referred to as "Ministerial Orders" or "the proposal") in response to the "Act Partially Amending the Act on Book-Entry Transfer of Corporate Bonds and Shares," etc. to respond to changes in the environment involving advances in information technology, which...

Crypto

MAS Proposes Regulatory Guidelines for Digital Token Service Providers

October 4, 2024

The Monetary Authority of Singapore (MAS) has released a Consultation Paper on the proposed regulatory guidelines for DTSPs licensed under the Financial Services and Markets Act 2022. Feedback is open from October 4 to...

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Fraud, Bribery & Corruption

Dubai Billionaire Jailed, Deported for $27M Fraud

Fraud, Bribery & Corruption May 6, 2025

Balvinder Singh Sahni, widely known as "Abu Sabah," is a prominent Indian-origin businessman based...

George Santos Sentenced to Over Seven Years in Prison for Fraud, Identity Theft, and Public Corruption

April 25, 2025

Former U.S. Congressman George Anthony Devolder Santos was sentenced Friday to 87 months in federal prison after pleading guilty to a series of sweeping fraud schemes that included wire fraud, aggravated identity theft,...