ANALYSIS: How TD Bank executives could still be on the hook for an AML culture rotten to the core

Regulatory Watch News

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  Financial sanctions update: Russia

  OFSI

  October 11, 2024

    On 11 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 entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze and trust services sanctions:

  • Andrey Igorevich Melnichenko (Group ID: 14725)
  • Grigory Vikotorovitsj Berezkin (Group ID: 15279)

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  SEC Charges U.S.-Based Moog Inc. with FCPA Violations for Subsidiary’s Role in Indian Bribery Scheme

  SEC

  October 11, 2024

   

  Washington D.C., Oct. 11, 2024 —

  The Securities and Exchange Commission today announced that Moog Inc., a New York-based global manufacturer of motion controls systems for aerospace, defense, industrial and medical markets, agreed to pay a civil penalty of $1.1 million to resolve the SEC’s charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its wholly owned Indian subsidiary, Moog Motion Controls Private Limited (Moog Motion Controls).

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  Bulgaria: EPPO accuses former mayor and ex-governor in investigation into fishing port in Varna

  European Public Prosecutor's Office

  October 11, 2024

  (Luxembourg, 11 October 2024) – The European Public Prosecutor’s Office (EPPO) in Sofia (Bulgaria) has formally accused the former mayor and the ex-governor of Varna, as well as two public officials from the Executive Agency Maritime Administration, in an investigation into possible fraud, reported by OLAF, involving the reconstruction of a fishing port.  The four are accused of forging official documents and submitting false information, in order to illegally receive EU funds for a €3.4 million project, co-funded by the European Maritime and Fisheries Fund.