NEWS: Canada’s banking regulator signals tighter AML focus after TD Bank disaster

Regulatory Watch News

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  Two Foreign Nationals Sentenced for Multimillion-Dollar Scheme to Defraud Apple Inc. Out of 6,000 iPhones

  US Department of Justice

  October 3, 2024

  Two men were sentenced yesterday for participating in a scheme to defraud Apple Inc. (Apple) out of millions of dollars worth of iPhones. Haotian Sun, 34, a Chinese citizen residing in Baltimore, was sentenced to 57 months in prison, three years of supervised release, and ordered to pay $1,072,200 in restitution to Apple and a forfeiture money judgment of $53,610. Pengfei Xue, 34, a Chinese citizen residing in Germantown, Maryland, was sentenced to 54 months in prison, three years of supervised release, and ordered to pay $397,800 in restitution to Apple and a forfeiture money judgment of $19,890.

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  Journalists are invited to cover the twelfth session of the global conference to advance implementation of the United Nations Convention on Transnational Organized Crime (UNTOC)

  UNODC

  October 3, 2024

  Vienna, 3 October 2024 (UN Information Service) – Members of the media are invited to attend the twelfth session of the Conference of the Parties (COP) to the United Nations Convention against Transnational Organized Crime (UNTOC) which will be held from 14 to 18 October 2024 in Vienna, Austria. The 12^th session will be opened by the chair of the conference and by UNODC Executive Director Ghada Waly. All plenary meetings of the 12^th session will be webcast on United Nations Web TV. Resolutions under consideration by the Conference address the following topics:

  • Criminalization of crimes that affect the environment
  • Preventing and combating firearms trafficking and related forms of crime
  • Organized fraud and the Sharing Electronic Resources and Laws on Crime knowledge management portal
  • Implementation of the provisions on international cooperation of the United Nations Convention against Transnational Organized Crime
  • Review mechanism of the Implementation of the United Nations Convention against Transnational Organized Crime and the Protocols thereto

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  Financial sanctions update: Belarus

  OFSI

  October 3, 2024

  On 3rd October 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. The following entry has been added to the Belarus financial sanctions regime and is now subject to an asset freeze:

  • CJSC Alfa Bank Belarus (Group ID: 16597)

  OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes.