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NEWS: RBB Bancorp says US regulators terminated Oct 2023 consent order

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NEWS: Singapore hopes new AML rules will aid environmental crime crackdown

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NEWS: ‘Ghost’ cybercrime app dismantled, dozens arrested in Australia and Ireland

BREAKING: Danske Bank pays $7M to settle final probe over Estonia money laundering scandal

By Manya Saini RBB Bancorp RBB.O said on Thursday a consent order against the community bank issued by U.S. regulators in October 2023 has been terminated. It follows the successful resolution of the deficiencies in its Anti-Money Laundering and Countering the Financing of Terrorism program, RBB and its subsidiaries said. The order was issued by the Federal…

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NEWS: Singapore hopes new AML rules will aid environmental crime crackdown

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NEWS: ‘Ghost’ cybercrime app dismantled, dozens arrested in Australia and Ireland

BREAKING: Danske Bank pays $7M to settle final probe over Estonia money laundering scandal

Regulatory Watch News

  • Joint Statement on the Second Annual Export Enforcement Five Conference

    US Department of Commerce

    Washington, D.C., September 18, 2024 – Representatives from the United States, Australia, Canada, New Zealand, and the United Kingdom, collectively known as the Export Enforcement Five or E5, gathered in Washington, D.C. on September 17 and 18, 2024, and reaffirmed their commitment to combatting Russia’s circumvention of export controls and sanctions in attempts to obtain dual-use items to support its illegal invasion of Ukraine. Since its establishment in 2023, the E5 have made significant strides in export control and sanctions enforcement actions. Together, we have diligently collaborated to enhance export control measures and implement targeted sanctions in response to Russia’s invasion of Ukraine.

  • Treasury Sanctions Iranian Officials Connected to Human Rights Violations

    OFAC

    WASHINGTON — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating 12 individuals in connection with the Iranian regime’s ongoing, violent repression of the Iranian people, both within Iran’s borders and abroad. These designations target members of the Islamic Revolutionary Guard Corps (IRGC), officials of Iran’s Prisons Organization, and those responsible for lethal operations overseas. Today’s action is being taken in coordination with Canada and Australia, which have also unveiled new sanctions against those connected to human rights abuses in Iran.

  • Global Coalition Takes Down New Criminal Communication Platform

    Europol

    Europol and Eurojust, together with law enforcement and judicial authorities from around the world, have successfully dismantled an encrypted communication platform that was established to facilitate serious and organised crime perpetrated by dangerous criminal networks operating on a global scale. The platform, known as Ghost, was used as a tool to carry out a wide range of criminal activities, including large-scale drug trafficking, money laundering, instances of extreme violence and other forms of serious and organised crime.

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