Category: Compliance

Regulatory Watch News

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  RedLine and META infostealers stole information from millions of victims around the world; U.S. complaint charges developer and administrator; U.S. law enforcement seizes infrastructure

  IRS Criminal Investigation

  October 29, 2024

  Austin, TX — The Department of Justice joined the Netherlands, Belgium, Eurojust and other partners in announcing an international disruption effort against the current version of RedLine infostealer, one of the most prevalent infostealers in the world that has targeted millions of victim computers, and the closely-related META infostealer. The Justice Department, IRS Criminal Investigation (IRS-CI), the FBI, Naval Criminal Investigative Service, Defense Criminal Investigative Service, and Army Criminal Investigation Division joined international partners in the Joint Cybercrime Action Taskforce (JCAT) Operation Magnus (supported by Europol) to seize domains, servers, and Telegram accounts used by the RedLine and META administrators to disrupt the operations of the infostealers.

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  FINTRAC imposes an administrative monetary penalty on Jones Lang Lasalle Real Estate Services, Inc.

  FINTRAC

  October 29, 2024

  FINTRAC announced today that it has imposed an administrative monetary penalty on Jones Lang Lasalle Real Estate Services, Inc., also operating as JLL. Following a compliance examination in 2022, this real estate broker in Toronto, Ontario, was imposed an administrative monetary penalty of $107,827.50 on March 13, 2024, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

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  Financial sanctions update: Myanmar

  OFSI

  October 29, 2024

  On 29 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 added to the Myanmar financial sanctions regime and are now subject to an asset freeze:

  • Asia Sun Group Company Limited (Group ID: 16622)
  • King Royal Technologies Co. Ltd (Group ID: 16619)
  • Myan-oil Company Limited (Group ID: 16620)
  • Progress Technology Support Company Limited (Group ID: 16621)
  • Rich Ray Trading Company Limited (Group ID: 16623)
  • Swan Energy Company Limited (Group ID: 16624)

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