Sanctions, Laundering Updates 26/04/2024

Sanctions, Laundering Updates 26/04/2024

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Regtech Times

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发布日期: 2024年4月26日
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  • OFAC Sanctions 12 Companies: The Office of Foreign Assets Control (OFAC) has sanctioned 12 companies, including Sahara Thunder, for their involvement in illicit activities. This underscores the importance of robust compliance measures to avoid sanctions.

  • McKinsey's Reckoning Amidst DOJ Investigation: McKinsey is facing scrutiny amidst the opioid crisis, with the Department of Justice (DOJ) investigating its role. This highlights the need for transparency and ethical practices in consulting firms.

  • Terra Crypto Ecosystem Collapse: The collapse of the Terra crypto ecosystem, worth $60 billion, raises concerns about the stability of digital assets. It emphasizes the importance of due diligence in the crypto space.
  • US Threatens Pakistan with Sanctions Over Iran Trade: The US has threatened Pakistan with sanctions over its trade with Iran. This demonstrates the reach and impact of international sanctions on global trade.
  • Commerzbank Fined for AML Violations: Commerzbank has been fined $15 million for Anti-Money Laundering (AML) violations. This highlights the importance of robust AML compliance programs in financial institutions.
  • Luxembourg Crackdown on AML/CFT Failures: Luxembourg's financial regulator has fined Fuchs & Associés Finance €785,000 for AML/CFT failures. This underscores the need for stringent AML/CFT measures in the financial sector.
  • JPMorgan in Legal Battle Amid Sanctions: JPMorgan is embroiled in a $440 million legal battle related to sanctions. This underscores the need for financial institutions to comply with sanctions regimes.

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