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NEWS: FCA bans company CEO Kasim Garipoglu following AML failings

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FILE PHOTO: Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo

INSIGHT: ‘We will take the fight to criminals’ – read the Global Fraud Summit keynote speech 

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NEWS: Steward raises $5m to expand AI-driven compliance platform

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LATEST: Cayman Islands defies UK on public access to beneficial ownership register

By PAUL O’DONOGHUE, Senior Correspondent

THE FCA (Financial Conduct Authority) has banned company CEO Kasim Garipoglu from working in UK financial services, citing serious AML failings among multiple issues.

The regulator said Garipoglu, who owned a firm offering online foreign exchange and contracts trading, does not meet the “fit and proper” standard.

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INSIGHT: ‘We will take the fight to criminals’ – read the Global Fraud Summit keynote speech 

 Premium

NEWS: Steward raises $5m to expand AI-driven compliance platform

 Premium

LATEST: Cayman Islands defies UK on public access to beneficial ownership register

Regulatory Watch News

  • SEC Announces Enforcement Division Director Judge Margaret A. Ryan Has Resigned from Agency

    SEC

    Washington D.C., March 16, 2026 —
    The Securities and Exchange Commission today announced that Judge Margaret A. Ryan has resigned from her role as Director of the Division of Enforcement. Principal Deputy Director Sam Waldon has been named Acting Director of the Division, effective March 16, 2026.
    “Our goal has been to the lead the Division of Enforcement back to Congress’ original intent: enforcing the federal securities laws, particularly as they relate to fraud and manipulation,” said SEC Chairman Paul S. Atkins. “I am pleased to report significant progress toward this objective.”

  • Update to UK Sanctions List: Russia Regime

    UK Government

    Today, Monday 16 March, the UK Government has varied the following designation under the Russia sanctions regime. Varied Individual:

    Name Unique ID
    Viacheslav KANTOR RUS1127

  • MONEYVAL Report on Money Laundering, Terrorist and Proliferation Financing Risks from Conflict Proceeds

    FIAU

    The Financial Intelligence Analysis Unit (FIAU) would like to inform subject persons that the Council of Europe’s anti-money laundering and counter-terrorist financing monitoring body, MONEYVAL has published a new typologies report entitled, ‘Money Laundering, Terrorism Financing and Proliferation Financing Risks and Trends Linked to Proceeds Obtained from Conflicts’.

    This report examines how illegal proceeds which arise from regions affected by armed conflicts are laundered and used to finance terrorism and the proliferation of weapons of mass destruction. The report also identifies relevant patterns, trends and vulnerabilities with the aim of strengthening the fight against money laundering, terrorism financing, and proliferation, whilst also enhancing international co-operation.

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