SANCTIONS
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Russian news: 10 accused over illegal banking activities
10 Russian nationals will stand in court as a result of an investigation that unveiled a scheme of illicit banking…
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17 Goldman Sachs charged over criminal activities linked to the 1MDB
Malaysian government filed criminal charges against 17 directors of Goldman Sachs as a result of further investigations linked to the…
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UK investigating eight charities under money laundering allegations
After a warning produced by the Metropolitan Police, an investigation was launched into the charities under the accusation of laundering…
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£183.4 million fine to British Airways for failing to protect customer data
The UK data protection authority (ICO) has defined a 1,5% of global revenue fine over British Airways following a hacking…
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Big 4 plus 3 got a minus
The main audit firms: Deloitte, EY, KPMG, PwC, BDO, Mazars and Grant Thornton failed as per UK’s audit regulator quality…
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Romania imposes fine to Unicredit for shortcomings on GDPR compliance
The Romanian Data Protection Authority fines The local UniCredit office with 130.000€ as an investigation showed that the bank failed…
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Facebook becomes the tech company holding the title of larger fine imposed
Following the scandal of Cambridge Analytica which involved about 87 million Facebook users, the Federal Trade Commission imposes a 9%…
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KBC facing AML investigation
The bank faces charges of money laundering and cooperation in tax fraud regarding Belgium clients. The actions concern Belgium residents…
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OECD efforts bring light over €4.9 Trillion
As part of the coordinated efforts with the G20, more than 47 trillion accounts and several offshore vehicles were exposed…
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JP Morgan fined 1.6€ Million for violation of outsourcing regime
Ireland’s Central Bank fined JP Morgan for failure to maintain records of outsourcing decision process as part of the required…
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US sanctions as part of the escalation of conflict with IRAN
With the imposition of new sanctions and the designation of Iran’s supreme leader Mr. Ayatollah Ali Khamenei, US-IRAN relationships are…
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EU prolongs Russia related sanction regime for 6 months
On June 27th 2019 the EU council decided to extend the sanctions regime applicable to Russia for 6 months. This…
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Loyds frozen about 8000 accounts from outshone clients
Loyds Broup decided to froze assets of thousand of Jersey based customers after they failed to produce respective KYC information…
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Fraud in contraction allocation – Kansas
Mr. Mathew McPherson, owner of a construction company based in Topeka – Kansas, pleated guilty for charges of fraud as…
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Companies part of Trumps network accused with tax evasion
Two Trump companies are being accused in a Manhattan court of tax avoidance. The Panamanian registered companies were reported to…
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Canada on the spot light over money laundering
Following several reports including relevant sectors of the Canadian economy, experts are noting a common element, money laundering proliferation. As…
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Impact of US sanctions over Huawei
Trump’s administration has imposed a number of sanctions and limitations to commercial activities linked to China and in specific, the…
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KPMG fined with $16 Millions by UK watchdog
The fine becomes the largest fine imposed to an external auditor as the UK supervisor noted errors in the monitoring…
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Further enforcement action into the Venezuelan corruption scandal
Spanish police reported to have arrested 4 individuals as part of the investigations for corruption, money laundering and embezzlement scandal…
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US request swifter action from Latvia regarding AML
The USA noted the urgency of fundamental changes and legislation updates from the government of Latvia. The Assistant secretary for…
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