November 04-08, 2024 🍂 top KYC/AML/CFT headlines (w45)

1️⃣ EU Commission published "High-risk areas of corruption in EU Member States: a mapping and in-depth analysis"🔗, a study that identify areas most at risk of corruption and provide an in-depth analysis of the nature of and reasons behind these risks.

2️⃣ The EU anti-fraud office, OLAF, has opened an investigation into a loophole allowing countries like Turkey to export sanctioned Russian oil to the bloc under a different label🔗.

3️⃣ German prosecutors in Frankfurt have dropped a money-laundering investigation against Russian-Uzbek billionaire Alisher Usmanov but require him to pay 4 million euros🔗.

4️⃣ Panama's Maritime Authority has begun the process to cancel flag registrations on four LNG vessels sanctioned by the United States over their links with Russian gas producer Novatek🔗.

5️⃣ Investigators searched the offices of Netflix in France and the Netherlands as part of a preliminary investigation into tax fraud and money laundering🔗.

6️⃣ The State of Michigan Retirement System has become the first US state pension fund to invest in an Ethereum ETF, disclosing an $11 million stake in Grayscale’s Ethereum trusts🔗.

7️⃣ A former Toronto-Dominion Bank employee in its anti-money-laundering department was charged with stealing customer information and distributing it on a Telegram channel🔗.

8️⃣ A unique lawsuit against UBS is underway in the United States, involving surveillance and espionage practices formerly employed by Credit Suisse🔗.

9️⃣ The Polish Financial Supervision Authority has issued a public warning about Foris DAX MT, a Malta-based company operating under the Crypto.com brand, citing alleged unauthorized financial activity in Poland.🔗