Category: Financial Crime

Regulatory Watch News

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  Update to UK Sanctions List: Russia Regime

  UK Government

  August 6, 2026

  Today, Thursday 6^th August, the UK Government has designated the following individual and 12 entities, and specified the following 6 ships, under the Russia (Sanctions) (EU Exit) Regulations. Designated Individual:

  Name:	Unique ID:
  Aleksander Aleksandrovich ZHDANOV	RUS3708

    Designated Entities:

  Name:	Unique ID:
  NORTHERN ENGINEERING LIMITED LIABILITY COMPANY	RUS3701
  FRION SHIP MANAGEMENT LLP	RUS3703
  LLC METALLKOMPLEKT	RUS3704
  LLC NIKOM	RUS3705
  LLC PROMSIZ	RUS3706
  LLC TECHNOLUX	RUS3707
  LIMITED LIABILITY COMPANY "OZON BANK"	RUS3709
  STATE SPECIALIZED RUSSIAN EXPORT-IMPORT BANK (JOINT-STOCK COMPANY)	RUS3710
  PJSC COMMERCIAL BANK "CENTER-INVEST"	RUS3711
  JOINT STOCK COMPANY REALIST BANK	RUS3712
  PJSC BANK STAVR	RUS3713
  JOINT STOCK COMPANY TELEPORT BANK	RUS3714

   

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  AMLA launches survey on Central Contact Points

  AMLA

  August 6, 2026

  Understanding the current framework

  The survey forms part of AMLA's preparatory work on upcoming Regulatory Technical Standard on Art. 41 (2) AMLD. It aims to gather practical insights into how the existing framework has been implemented across the EU. The feedback will help AMLA understand how CCP arrangements work in practice, how effective they have been, and where institutions may have encountered operational challenges. In parallel, AMLA is conducting a separate survey for national competent authorities to gather supervisory perspectives. Crypto-asset service providers are not included in this exercise, as the previous CCP framework did not apply to them.

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  SFC obtains 13-year disqualification orders against former top executives of China Candy Holdings Limited for corporate malfeasance

  Securities and Futures Commission

  August 6, 2026

  The Securities and Futures Commission (SFC) has obtained 13-year disqualification orders in the Court of First Instance against three former top executives of China Candy Holdings Limited (China Candy) for their involvement in fiendish schemes that substantially overstated the company’s cash and bank balances by falsifying accounting records, misleading the auditors and concealing the company’s true financial position. The three former top executives are: Mr Xu Jinpei, former chairman and executive director; Ms Hong Yinzhi, former executive director, chief executive officer and compliance officer; and Mr Wang Zhihong, former chief financial controller and compliance officer .