SFC sets out vision to foster a vibrant fintech ecosystem in Hong Kong
Securities and Futures Commission
The Securities and Futures Commission (SFC) today sets out its vision for fostering a healthy and robust fintech ecosystem in Hong Kong by outlining several major areas of its initiatives to balance market development and investor protection.
READOUT: FinCEN and Partner FIU Officials Meet in Canada for International Public-Private Partnership Events on Illicit Finance
FinCEN
OTTAWA—On October 24 and 25, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) joined the Financial Transactions and Reports Analysis Centre (FINTRAC) of Canada in co-hosting the first FinCEN-FINTRAC Anti-Money Laundering/Anti-Terrorist Financing Symposium (Symposium). The Symposium, held in Ottawa, Canada, brought together financial intelligence units (FIUs) and law enforcement agencies from Canada, the United States, Australia, the Netherlands, and the United Kingdom, as well as U.S.- and Canada-based financial institutions, to discuss a variety of money laundering and terrorist financing issues. The Symposium included presentations on the emerging trends, typologies, and case studies on Iran-backed terrorist financing, Russian sanctions evasion, online child sexual exploitation, synthetic opioid trafficking, human trafficking, and the illegal wildlife trade.
Georgia Woman Sentenced to 12 Years in Prison for $30M COVID-19 Unemployment Fraud Scheme and Firearms Charge
US Department of Justice
A Georgia woman was sentenced yesterday for her role in a scheme to defraud the Georgia Department of Labor (GaDOL) out of tens of millions of dollars in benefits meant to assist unemployed individuals during the COVID-19 pandemic.
Tyshion Nautese Hicks, 32, of Vienna, was sentenced to 12 years in prison, three years of supervised release, and ordered to pay restitution in an amount to be determined at a later date. Hicks’ total sentence includes a penalty of three consecutive years in prison, imposed yesterday in relation to a separate charge of illegal possession of a machine gun prosecuted by the U.S. Attorney’s Office for the Middle District of Georgia.