Chandni Nanda, Author at FCC Times

Fall from Grace: Myanmar’s Former Home Affairs Minister Sentenced to Five Years in Prison for Corruption Charges

Myanmar's former home affairs minister, Lieutenant General Soe Htut, has been sentenced to five years in prison on corruption charges by a military court....

Former Indiana Legislator Sean Eberhart to Plead Guilty in Gaming Company Scandal: Allegations of Bribery, Corruption, and Conspiracy Unfold

A former Indiana legislator, Sean Eberhart, has agreed to plead guilty to a federal charge of conspiracy to commit honest services fraud. Federal prosecutors...

Former Latvian Interior Minister Sentenced to 8 1/2 Years for Espionage: Co-conspirator, Ex-KGB Officer, Receives 7 1/2-Year Term

On November 9, the Riga City Court sentenced Janis Adamsons, a former interior minister and ex-lawmaker from the Social Democratic Saskana (Harmony) party, to...

Cayman Islands Enhances Anti-Money Laundering Measures with e-KYC and Remote CDD in Updated Guidance

The Cayman Islands Monetary Authority (CIMA) recently amended its Guidance Notes on the Prevention and Detection of Money Laundering, Terrorist Financing in the Cayman...

High-End Brothel Bust: Arrests of Alleged Operators Expose Diverse Clientele, Financial Irregularities in Boston and Northern Virginia

Three individuals have been arrested and charged for operating high-end brothels in Boston and Northern Virginia, serving clients that allegedly included military officers and...

SEC Chair Gensler Targets Crypto Fraud, Bolsters Enforcement Efforts, and Advocates for Regulatory Compliance and Transparency

Cryptocurrency regulation is experiencing heightened scrutiny, with SEC Chair Gary Gensler emphasizing the prevalence of fraud in the sector. His remarks at DC Fintech...

U.S. Lawmakers Introduce CLARITY Act, Restricting Transactions with China-Based Blockchain Firms for National Security

U.S. lawmakers have introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act, which prohibits federal government officials from engaging in transactions...

Former Malaysian MP Syed Saddiq Sentenced to 7 Years in Landmark Corruption Case: Appeals Pending Despite Stay of Execution

Muar Member of Parliament, Syed Saddiq Syed Abdul Rahman, has been sentenced to seven years in prison, two strokes of the cane, and fined...

Cracking the Code: Global Strategies to Combat the Surge in Cyber-Enabled Fraud and Preserve Digital Trust

Cyber-enabled fraud, a significant transnational organized crime, has surged in recent years, leading to global financial losses and undermining trust in digital systems. The...

NCA Issues Warning on Russia’s Use of Gold to Evade UK Sanctions, Urges Vigilance from Financial Institutions

The National Crime Agency (NCA) has alerted financial institutions and regulated entities about Russia's use of gold to undermine UK sanctions. Gold, a significant...

HubSpot Takes Bold Strides Towards Net-Zero Emissions, Receives Science-Based Targets Initiative Validation for Ambitious 2040 Goals

CRM solutions platform HubSpot has announced a commitment to achieve net-zero greenhouse gas emissions (GHG) across its value chain by 2040. HubSpot has also...

LGIM Pioneers ESG Innovation with New Sovereign Bond Funds: A Comprehensive Framework Addressing Geopolitical Stability and Income Bias

Legal & General Investment Management (LGIM), one of Europe's largest asset managers, has introduced the L&G Future World ESG Emerging Markets Government Bond Local...

Coatue Management Slashes OpenSea Valuation by 90% to $1.4 Billion Amidst NFT Market Challenges

Coatue Management, a U.S. tech investment firm, has substantially lowered its valuation of the non-fungible token (NFT) platform OpenSea. Recent documents reveal a drastic...

UAE Central Bank Unveils Rigorous Guidelines for Virtual Asset Service Providers (VASPs) to Combat Financial Crimes and Secure Removal from FATF Grey List

The Central Bank of the United Arab Emirates (CBUAE), in collaboration with other regulatory bodies, has introduced comprehensive guidelines for virtual asset service providers...

Former Russian Deputy Defense Minister Sentenced to 19 Years in Major Corruption Case

OFAC Issues Sham Transaction Guidance, Expanding Counterparty Due Diligence Obligations

Australia’s AML/CTF Reform Brings Expanded PEP Obligations Into Force from March 2026

Chandni Nanda