SANCTIONS
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EU sanctions to Venezuela will give one more turn to the Sun
Demonstrations keep growing all across South America while Venezuelan crises continues to deepen. EU has prolonged to 14 November 2020…
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North Korea accused of violating sanction at the UN
A coalition of 26 countries including USA has accused the North Korean regime for violation on the restriction to import…
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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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