Analysis & Opinion, Financial Services, Schuman
Category: Schuman
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Regulatory Watch News
CBI ARRESTS TWO MORE ACCUSED INCLUDING FOREIGN NATIONALS IN AN ON-GOING INVESTIGATION OF A CASE RELATED TO BANK FRAUD INVOLVING WRONGFUL FORE-CLOSURE OF CHENNAI PORT TRUST’S FIXED DEPOSITS
Central Bureau of Investigation
The Central Bureau of Investigation has arrested two more accused including foreign nationals in an on-going investigation of a case related to Bank fraud in which fixed deposits of Chennai Port Trust (CPT) were fore-closed/pre-closed fraudulently.
Webinar on Money Laundering from Environmental Crime
FATF
Illegal logging, land-clearing, mining and waste dumping generates tens of billions of dollars in proceeds, which are laundered each year into the global financial system. Law enforcement and environmental agencies, as well as banks, lenders and other financial institutions, often do not understand their exposure to this type of financial crime. The 2021 FATF Report on Money Laundering from Environmental Crime sets out the methods that criminals use to launder their profits and gives governments and the private sector the tools to disrupt this illicit activity.
ACTING SUPERINTENDENT OF FINANCIAL SERVICES ADRIENNE A. HARRIS ANNOUNCES NEW PROPOSED REGULATION PROMOTING TRANSPARENCY IN LENDING TO SMALL BUSINESSES
NY Dept of Financial Services
Acting Superintendent of Financial Services Adrienne A. Harris today announced a new proposed regulation that will improve transparency for small businesses seeking commercial financing. The new proposed regulation requires companies that offer commercial financing in amounts under $2.5 million to make standardized disclosures about the terms of credit. These standardized disclosures will help businesses and individuals understand and compare the terms of different commercial financing offers. These disclosures are especially important as small businesses, hit hard by the pandemic, fight to regain their footing.