Mauritius’ Former Finance Minister Arrested for Embezzlement
On April 9, 2025, Renganaden Padayachy was arrested as part of an investigation into the alleged embezzlement of fu...
SEBI Issued Investor Charter for KYC Registration Agencies (KRAs)
On May 6, 2025, the Securities and Exchange Board of India (SEBI) issued a circular directing all KYC Registration ...
Peru’s Ex President Sentenced for Money Laundering
On April 15, 2025, Peru’s former president Ollanta Humala was sentenced to 15 years in prison for money laundering....
FinCEN Issued an Alert on Oil Smuggling Schemes
On May 1, 2025, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert regarding suspici...
Guinea’s Ex-Prime Minister Sentenced for Corruption
On February 27, 2025, Guinea’s former Prime Minister Ibrahima Kassory Fofana was sentenced to five years in prison ...
Philippines Anti-Money Laundering Council (AMLC) Issued Transaction Reporting Guidelines
On December 11, 2024, the Philippines Anti-Money Laundering Council (AMLC) issued Transaction Reporting Guidelines ...
Former U.S. Congressman Sentenced for Wire Fraud and Identity Theft
On April 25, 2025, George Anthony Devolder Santos, former U.S. Congressman, was sentenced to 87 months in federal p...
AI-Native Risk & Compliance: Evolving from Static Databases to Dynamic Intelligence
Traditionally, core Risk & Compliance infrastructure has been built on a foundation of a limited set of curated...
Dubai Financial Services Authority (DFSA) Amended the AML/CTF Rules
The Dubai Financial Services Authority (DFSA) has amended the Anti-Money Laundering, Counter-Terrorist Financing an...
Dubai-Based Businessman Sentenced and Fined for Money Laundering
On January 9, 2025, Balvinder Singh Sahni, a Dubai-based Indian businessman, was sentenced to five years in prison ...
Former Kyrgyz Natural Resources Minister Sentenced for Corruption
On February 5, 2025, Dinara Kutmanova, the former Kyrgyz Minister of Natural Resources, and her son, Kemelbek Kutma...
Philippines Anti-Money Laundering Council (AMLC) Issued Transaction Reporting Guidelines
On 3 January 2025, the Philippines Anti-Money Laundering Council (AMLC) issued Transaction Reporting Guidelines out...