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Former Venezuelan Minister Alex Saab Pleads Guilty in U.S. Money-Laundering Case

Alex Nain Saab Moran, a 54-year-old Venezuelan...

Former Georgian Defense Minister Juansher Burchuladze Receives Reduced Sentence in Plea Deal

A high-profile criminal case involving former Georgian...

RBI Tightens Framework for Suspected Money Mule Accounts, Introduces Time-Bound Debit Holds to Combat Cyber Fraud

The Reserve Bank of India (RBI) has...

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Recent Regulations & News

Bank of Russia retains restrictions on cross-border funds transfers from brokerage and trust management accounts for non-residents from unfriendly states

From 1 October 2025, these transactions will be suspended for another six months. The restrictions apply to funds transfers from both individuals’ and legal entities’ accounts opened with Russian brokers and trust managers....
Recent Regulations & News

Changes in restrictions on cross-border funds transfers for non-residents

According to the new rules, foreign investors operating in the Russian financial market will be able to make cross-border funds transfers from In-type accounts. In addition, the restrictions on the repatriation of funds recorded in In-type accounts with...
Recent Regulations & News

Non-residents’ investments in Russian financial market: Bank of Russia’s decisions

The Bank of Russia has established the rules for servicing foreign investors who have obtained the right to invest in the Russian financial market using new funds. Pursuant to the executive order of the Russian President, foreign investors have access...
Recent Regulations & News

Penalty issued for breach of Russia Sanctions

The Office of Financial Sanctions Implementation (OFSI) has imposed a £300,000 monetary penalty against Markom Management Limited (MML) for a breach of UK financial...
Recent Regulations & News

UIFs to be permitted to change status

Starting from 1 March 2026, unit investment funds (UIFs) will be allowed to change their status from ‘qualified’ to ‘non-qualified’. The requirements for reclassification are outlined in the relevant Bank of Russia ordinance. This...
Recent Regulations & News

Notice: Imposition of monetary penalty: Markom Management Limited

Penalty notice regarding a breach of financial sanctions regulations. Story from gov.uk
FinTech

Bank of Russia receives fewer complaints against insurers but more against banks: 2025 H1 results

Over the first six months of 2025, the number of complaints received by the Bank of Russia from financial consumers and investors increased by 18.6% compared to 2024 H1, totalling 182,400. Nevertheless, quarterly dynamics show a decrease in the number...
Human Rights

Guidance: Global Irregular Migration and Trafficking In Persons financial sanctions

UK Financial sanctions are in place for persons involved in people smuggling, human trafficking or the instrumentalisation of migration for the purpose of destabalisation....
Recent Regulations & News

Oil Price Cap suspected breach reporting form

Before you start Before completing this form, you should consult OFSI’s Russian Oil Services Ban guidance for information on the Maritime Services Ban, Oil Price...
Recent Regulations & News

Financial sanctions suspected breach reporting form

Before you start This form should be used to report suspected breaches of financial sanctions to HM Treasury’s Office of Financial Sanctions Implementation (OFSI). Before completing...
Recent Regulations & News

Licences that allow activity prohibited by financial sanctions

Where a transaction involves a person or organisation who is subject to financial sanctions (whether directly or indirectly), you must obtain a licence to...
FinTech

Press Conference by KATO Katsunobu, Minister of State for Financial Services (July 1, 2025)

  (Excerpt) (Tuesday, July 1, 2025, 11:19 am to 11:28 am) Minister) First, I would like to say a few words on the occasion of the 25th anniversary of the establishment...
Crypto

Examination of the Regulatory Systems Related to Cryptoassets

Japanese July 4, 2025 Financial Services Agency (Japanese version: published April 10, 2025) １．Summary The Financial Services Agency (FSA) has conducted an examination of the state of regulatory systems...
Recent Regulations & News

FSA Weekly Review No.643 June 30, 2025

June 25, 2025 Publication of the finalized amendments of the Regulation on Calculation of Specific Purpose Trust Property, etc.: In response to the publication of...

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