Canada’s banking regulator has said risks to banks from anti-money-laundering issues have recently “risen in prominence”.
The Office of the Superintendent of Financial Institutions (OSFI) said this has been due to a variety of events.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
Two Foreign Nationals Sentenced for Multimillion-Dollar Scheme to Defraud Apple Inc. Out of 6,000 iPhones
US Department of Justice
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.
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
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 12th session will be opened by the chair of the conference and by UNODC Executive Director Ghada Waly.
All plenary meetings of the 12th 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
Financial sanctions update: Belarus
OFSI
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: