New ZealandThe European Council issued a press release summarizing foreign policy debates amongst member states during the Foreign Affairs Council meeting.
The U.S. Justice Department announced that Pavel Stassi and Aleksandr Skorodumov were sentenced for their roles in a scheme to provide “bulletproof hosting” services to cybercriminals between 2009 to 2015.
Sweden dings Danske Bank, U.S. officials complete sanctions review, and more, in the midweek roundup.
Sweden Censures Danske Bank for Risk Assessment Failures
Sweden’s Financial Supervisory Authority on Wednesday ordered the local subsidiary of Danske Bank to address significant deficiencies in its understanding of the financial-crime risks it faces by June 2022 to avoid an enforcement action.
Credit Suisse Pays $475 Million for Mozambique Compliance Collapse
Treasury Finishes 6 Month Review of US Sanctions Efforts
The Malta Financial Intelligence Analysis Unit issued an administrative measure imposing two fines totaling €337,422 on the Sliema, Malta-based financial institution for breaches of the Prevention of Money Laundering and Funding of Terrorism Regulations.
The Financial Supervisory Authority of Sweden, Finansinspektionen, issued an injunction to take remedial action against the Sweden-based subsidiary of Danske Bank A/S, requiring it to assess how its products and services may be used for money laundering or terrorist financing.
| Technical | Effectiveness |
|---|---|
| Compliant : 8 | High : 2 |
| Largely Compliant : 20 | Substantial : 4 |
| Partially Compliant : 12 | Moderate : 5 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 10/110 |
| Score : 3.53/10 |
| Rank : 1/179 |
| Score : 88/100 |
| Rank : 57/133 |
| Score : 59/100 |