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Recent Regulations & News

UK Gambling Commission Imposes £582,120 Fine on Bet365 for AML and Social Responsibility Failures

The UK Gambling Commission has imposed a regulatory settlement of £582,120 on Bet365 for failures in anti-money laundering and social responsibility at its online operations. The settlement is divided...

Swiss Attorney General Fines PKB PRIVATBANK AG for Money Laundering in LAVA JATO Case

The Swiss Attorney General's Office (OAG) has fined PKB PRIVATBANK AG CHF 750,000 for...

AML Breaches: Tax Advisers and Accountancy Firms Fined £98,870

Tax advisers and accounting firms faced fines totaling £98,870 for violating anti-money laundering (AML)...

Joint Statement on the U.S.-Spain Central America Working Group

The following statement was released by the Governments of the United States of America...

The FSA publishes the status of loans held by all banks as of the end of September 2023, based on the Financial Reconstruction Act:FSA

Loans based on the Financial Reconstruction Act (FRA) The total amount of loans held by...

Thailand: Thai government pushing ahead with the Climate Change Bill

The Department of Climate Change and Environment (DCCE) under the Ministry of Natural Resources...

Hong Kong: New Sandbox regime for stablecoins released by Hong Kong Monetary Authority

On 12 March 2024, the Hong Kong Monetary Authority (HKMA) issued a press release...

Argentina: Transactions performed with cards

By means of Resolution No. 87/2024 (“Resolution“), the Secretariat of Commerce (“Secretariat“) established that...

Argentina: Enactment of the regulatory framework for the prevention of money laundering and financing of terrorism

On 14 March, the amendments to the Law on the Prevention of Money Laundering...

MAS Launches COSMIC: Enhancing Financial Crime Detection

On April 1, 2024, MAS unveiled COSMIC, a digital platform named "Collaborative Sharing of...

Restrictions on money transfers abroad extended

The Bank of Russia has extended the restrictions for another six months. They will be effective from 1 April through 30 September 2024. Citizens...

Bank of Russia extends restrictions for non-residents from unfriendly states to transfer money abroad from brokerage and trust management accounts

From 1 April 2024, these operations will be suspended for another six months. The restrictions are applicable to money transfers from both individuals’...

Bank of Russia submits 2023 Annual Report to State Duma

Affordable loans alongside increased budget expenditures provided the boost helping the Russian economy rebound already by mid-2023 —...

Lombard International Assurance Fined €1.68M for Money Laundering Failings

The Commissariat aux Assurances fined Lombard International Assurance €1.68m for multiple failures in their...

KuCoin Founders Accused of Flouting U.S. Money Laundering Laws

KuCoin and its founders, Chun Gan and Ke Tang, are accused of violating U.S....

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