NEWS: Citigroup finally cleared by U.S. Fed in 11 year old AML enforcement case

Regulatory Watch News

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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.

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  Spain: Fraudster pleads guilty and repays more than €2 million following investigation into animal feed factory

  European Public Prosecutor's Office

  October 3, 2024

  (Luxembourg, 3 October 2024) – The European Public Prosecutor's Office (EPPO) in Madrid (Spain) obtained a conviction in a case concerning a project for a new factory to produce animal feed, co-financed by the European Agricultural Fund for Rural Development (EAFRD). The EPPO investigation proved that the company benefitting from the support had failed to comply with the conditions that were required for the funds to be granted, in particular by manipulating the suppliers' offers.

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  Fraudulent website and internet banking login screen related to Bank of China (Hong Kong) Limited

  HKMA

  October 3, 2024

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of China (Hong Kong) 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.