ChinaThe Standing Committee of the 13th National People’s Congress of China voted and passed the “Data Security Law of the People’s Republic of China,” which takes effect on Sept. 1, 2021.
The Chinese government issued a law concerning sanctions against foreign countries that interfere in China’s internal affairs or take restrictive measures against Chinese citizens and organizations.
Weekly Roundup: MoneyGram Exits AML Settlement, Luxembourg Faces Daily AML Penalty, and More
Malta ran AML advertising campaign, Moneyval criticized Vatican, and more, in the weekly roundup.
German banker headed to prison after facilitating massive tax fraud, Swiss banker convicted of laundering Brazilian bribes, and more, in the midweek roundup
The Securities and Futures Commission issued a disciplinary action against the Hong Kong-based subsidiary of The Goldman Sachs Group, Inc., requiring it to pay a $350 million fine for serious supervisory, risk, compliance and anti-money laundering controls deficiencies.
The Hong Kong Securities and Futures Commission issued an order banning Joanna Chu Lai Wa, former director and responsible officer of Shenzhen, China-based Guosen Securities (HK) Brokerage Company, Limited for her failure to implement adequate AML/CTF controls.
| Technical | Effectiveness |
|---|---|
| Compliant : 7 | High : 0 |
| Largely Compliant : 18 | Substantial : 3 |
| Partially Compliant : 9 | Moderate : 4 |
| Non-Compliant : 6 | Low : 4 |
Pakistan's technical compliance was re-rated in a Oct. 1, 2020 follow-up report
| Rank : 18/141 |
| Score : 6.76/10 |
| Rank : 80/180 |
| Score : 41/100 |
| Rank : 25/133 |
| Score : 60/100 |