UK regulators sign new memorandums of understanding with AUSTRAC to cement the fight against financial crime; in Thailand, the focus on wildlife crimes and exploitation grows as a convicted poacher goes on the run; compliance professionals around the world urge vigilance in the challenging sanctions landscape; and the role London plays as a hub for financial crimes is exposed.
Read more on these stories below:
AUSTRAC strengthens ties with UK regulators to combat financial crime
Australia's financial regulator and intelligence agency AUSTRAC has signed Memoranda of Understanding with the United Kingdom's Financial Conduct Authority and His Majesty’s Revenue and Customs (HMRC) to enhance regulatory information exchange and operational collaboration in the fight against money laundering, terrorism financing, and other serious crimes.
Read more here
Thai wildlife poaching kingpin on the run after sentencing
Bach "Boonchai" Mai, a notorious wildlife trafficker recently sentenced to five years in prison by a Thai court, is on the run. Legal experts say that punishing high-level wildlife traffickers and seizing their assets is a critical strategy for dismantling criminal organisations involved in wildlife trafficking.
Read more here
Expert take on sanctions compliance
A recent roundtable discussion hosted by Financier Worldwide explores the challenges faced by companies and government agencies in navigating the complex landscape of international sanctions compliance and enforcement. The discussion covers the importance of having a comprehensive sanctions compliance programme, the impact of technology on sanctions enforcement, and the need for cooperation and coordination between government agencies and the private sector.
Read more here
Russian warlord circumvents AML checks using mother’s utility bills
In an ‘outrageous’ scrutiny failure, a London based law firm checks Russian warlord Yevgheny Prigozhin’s identity using his mother’s gas bill. The Wagner gang boss has been accused of being involved in human right abuses, mass executions, and rape and is on the FBI’s wanted list.
Read more here
Improve your compliance processes with an award-winning solution
Get in touch to see how our intelligent platform can help your organisation transform its compliance; or request a demo to see it in action.
Photo by Milad Fakurian on Unsplash
.png)
