United KingdomThe Parliament of the United Kingdom enacted the Republic of Belarus (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2021, which revokes and replaces previous regulations regarding the implementation of new financial, trade and aircraft sanctions measures.
The United Kingdom’s Solicitors Regulation Authority published a report concerning its anti-money laundering work, highlighting that it undertook a total of 85 firm visits to offer guidance and help them prevent criminal abuse.
Credit Suisse Pays $475 Million for Mozambique Compliance Collapse
U.S. and U.K. officials have extracted $475 million from Credit Suisse for the lender’s role in misleading global investors about a tuna fishing project in Mozambique that corrupt officials used as a front to plunder their country’s treasury.
Weekly Roundup: US Ransomware SARs Climb, Global Online Fraudsters Target UK Victims, and More
Indian cryptocurrency exchanges tighten monitoring, Germany’s new financial supervisor pledges tougher approach, and more, in the weekly roundup.
The Financial Conduct Authority of the United Kingdom issued a final notice imposing a £147,190,200 penalty on the Zürich, Switzerland-based financing institution for failing to maintain adequate systems and controls to counter the risk of firms being used to facilitate financial crime.
The Gambling Commission issued a public statement detailing the regulatory settlement of the Leeds, U.K.-based remote casino for anti-money laundering and social responsibility failures.
| Technical | Effectiveness |
|---|---|
| Compliant : 23 | High : 4 |
| Largely Compliant : 15 | Substantial : 4 |
| Partially Compliant : 2 | Moderate : 3 |
| Non-Compliant : 0 | Low : 0 |
| Rank : 116/141 |
| Score : 4.02/10 |
| Rank : 12/180 |
| Score : 77/100 |
| Rank : 12/133 |
| Score : 46/100 |