Dun & Bradstreet Corporation (DnB) has agreed to pay a $9 million fine to settle Foreign Corrupt Practices Act (FCPA) charges in connection to two Chinese subsidiaries that, according to the US Securities and Exchange Commission (SEC), “used third-party agents… Read more >
ComplianceAsia, an independent consulting firm that offers regulatory and compliance consulting services in Asia, recently announced that they have partnered with Suzanne Callister, former chair member of STEP Hong Kong, a global association that offers trusts and succession planning, to… Read more >
As of May 14th, digital currency exchanges (DCEs) located in Australia will be required to register with Australia’s financial intelligence agency, AUSTRAC, which will have the power to police over the cryptocurrency platforms. The new law is designed to monitor… Read more >
On April 10th, the U.S. House of Representatives passed bill 408-2 in an effort to combat two related causes; money laundering and human trafficking. The bill now relies on the Senate’s approval and, if passed, will require that the presidential… Read more >
In a recent Reddit “Ask Me Anything” session, Bill Gates weighed in on the risks associated with cryptocurrency businesses. Gates highlighted that cryptocurrency can be used as a means for criminals to hide illicit transactions from the government. Moreover, Europol,… Read more >
On July 1st of last year Australia acknowledged Bitcoin and other cryptocurrencies as legal tender, and now the country is currently working on plans to regulate cryptocurrency through implementing exchange regulation and licensing, and taxation. Australia is a growing market… Read more >
In response to a recent Financial Action Task Force (FATF) meeting held in Paris this past February at which Pakistan was nominated to be placed on FATF’s Grey List, Pakistan is moving to address the deficiencies in its Anti-Money Laundering… Read more >
Because of numerous warnings to Latvia from the International Monetary Fund (IMF) and the Organization for Economic Cooperation and Development (OECD) regarding weak money laundering regulations being abused by international customers, such as Russia and former Soviet Union countries, Latvia… Read more >
The closure of an account owned by cryptocurrency trading company, CryptoMKT, at Chile’s only public bank, BancoEstado, came as a shock to the company’s commercial manager, Daniel Dupré, because, according to Dupré, they were working with the bank on the… Read more >
US prosecutors are seeking a sentence of 15 years or more for Turkish banker, Mehmet Hakan Atilla, who has been convicted in connection to a money laundering scheme involving Turkish bank, Turkiye Halk Bankasi AS which allowed Iran to avoid… Read more >