October 21-25, 2024 ?? top KYC/AML/CFT headlines

1?? FATF has reviewed and published the list of jurisdictions under Increased Monitoring (GREY), Senegal exit; Algeria, Angola, C?te d’Ivoire & Lebanon added on the list. The grey list contains 24 countries??

2?? The Panama Maritime Authority introduced a new legal mechanism enabling the immediate revocation of registration and navigation licenses for vessels in its registry that are placed on international sanction lists??

3?? A U.S. appeals court said the federal government may prosecute Turkey's Halkbank on charges it helped Iran evade American sanctions, rejecting the state-owned lender's argument that it deserved immunity?? .

4?? Britain’s financial watchdog has interviewed 20 social media influencers under caution, as it clamps down on “finfluencers” who may be touting financial services products illegally?? .

5?? Peruvian former President Alejandro Toledo has been convicted of taking bribes from Brazilian construction company Odebrecht and was sentenced to 20 years and 6 months in prison?? .

6?? Former President of Albania from 2017 to 2022 Ilir Meta has been arrested for alleged money laundering, corruption and failure to declare assets?? .

7?? The former vice president of China Development Bank, Wang Yongsheng has been sentenced to 12 years imprisonment and fined $280,000 for accepting bribes?? .

8?? Two high-ranking officials of the Catholic Church in Greece are being probed by the authorities in Athens for allegedly embezzling €3 million from the church to invest in nightclubs?? .

9?? A pizzeria based in Düsseldorf was caught delivering pizzas with a side dish of cocaine, listed in the menu as "pizza No. 40". Two days after being arrested, the owner was discharged and returned to offering pizza No. 40 again, which helped officers track other links in the supply chain?? .