NEWS: Egmont Group of FIUs suspends Colombia for allegedly sharing confidential information

Regulatory Watch News

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  Per UAE Cabinet Decision: The National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee Replaces the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism in all its rights and obligations

  CBUAE

  September 24, 2024

  The UAE Cabinet has issued a decision according to which the National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC) shall replace the Executive Office of the Anti-Money Laundering and Countering the Financing of Terrorism (The Executive Office) in all rights and obligations, and all employees of the Executive Office shall be transferred to it, and His Excellency Hamid Saif Al Zaabi shall be appointed Secretary-General of the NAMLCFTC

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  MAS issues Prohibition Order against Mr Pan Qi for Dishonest Conduct

  MAS

  September 24, 2024

  Singapore, 24 September 2024… The Monetary Authority of Singapore (MAS) has issued a 5- year prohibition order (PO) against Mr Pan Qi, a former representative of fund management company Nech Capital Pte Ltd (NCPL). The PO was issued following Mr Pan’s conviction in the State Courts for engaging in a course of business that operated as fraud under the Securities and Futures Act.

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  Commerce Announces Proposed Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats

  US Department of Commerce

  September 23, 2024

  Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components sold separately, with a sufficient nexus to the People’s Republic of China (PRC) or Russia.