NEWS: 24 charged as Chinese ‘underground bankers’ accused of helping Mexican cartel launder $50 million

Regulatory Watch News

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  Treasury Targets Iranian Liquified Petroleum Gas Magnate

  OFAC

  April 22, 2025

  WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating Iranian national and liquified petroleum gas (LPG) magnate Seyed Asadoollah Emamjomeh and his corporate network, which is collectively responsible for shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets.  Emamjomeh’s expansive network includes a vessel, the TINOS I, which intended but failed to load cargo in 2024 off the coast of Houston, Texas.  In addition to crude oil, LPG continues to be a major source of revenue for the Iranian regime, the proceeds of which fund Iran’s nuclear and advanced conventional weapons programs, as well as regional proxy groups and partners such as Hizballah, the Houthis, and Hamas.

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  Press Statement: SCUML Certificate Is Not CLEARANCE BY EFCC

  EFCC

  April 22, 2025

  ST Technologies (not CBEX)  registered with the Special Control Unit against Money Laundering,  SCUML in line with Section 17 of the Money Laundering (Prevention & Prohibition) Act, 2022. Registration is a statutory  requirement for all Designated Non-Financial Businesses and Professions,  DNFBPs, in Nigeria in consonance with Nigeria’s Anti-Money Laundering/ Control of Financing Terrorism,  AML/CFT regime. The EFCC is not a clearing house or regulatory authority of online businesses. But financial fraud of any kind is the remit of the Commission, and it is committed to ensuring justice for victims of the CBEX scam.

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  Fraudulent website and internet banking login screen related to Shanghai Commercial Bank Limited

  HKMA

  April 22, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to a fraudulent website and an internet banking login screen, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.