St. LuciaThe Group of Seven leaders issued a communiqué following their discussions on the latest Ukrainian efforts to counter Russia’s military aggression.
The Office of Foreign Assets Control published one new frequently asked question and one amended frequently asked question relating to recently issued general licenses under the Russia sanctions regulations.
Credit Suisse Convicted of AML Failings in Cocaine Baron Case
Switzerland’s top court on Monday ordered Credit Suisse to pay a record CHF21 million ($22 million) penalty for anti-money laundering violations related to its handling of millions of francs worth of drug profits.
Bulgaria’s AML Regime Failing on All Sides: Moneyval
Bulgaria faces an uphill battle to avoid inclusion on a global watchlist of countries with weak anti-money laundering regimes after an intergovernmental group concluded that its defenses against financial crime are failing in every regard.
The Reserve Bank of India fined the Tamil Nadu, India-based bank for its regulatory shortcomings.
The Reserve Bank of India imposed a fine of ₹57.50 lakh on the Chennai, India-based bank for regulatory shortcomings, including non-compliance with the regulator’s anti-fraud directive.
| Technical | Effectiveness |
|---|---|
| Compliant : 1 | High : 0 |
| Largely Compliant : 9 | Substantial : 0 |
| Partially Compliant : 24 | Moderate : 3 |
| Non-Compliant : 6 | Low : 8 |
| Rank : 113/141 |
| Score : 4.25/10 |
| Rank : 48/180 |
| Score : 55/100 |
| Rank : 132/133 |
| Score : 71/100 |