Anti-Financial Crime & Financial Crime Compliance
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Tag: Laundering

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Regulatory Watch News

  • FINTRAC imposes an administrative monetary penalty on 13010431 Canada Inc.

    FINTRAC

    FINTRAC announced today that it has imposed an administrative monetary penalty on 13010431 Canada Inc., also operating as Necosmart. Following a compliance examination, this money services business in Edmonton, Alberta, was imposed an administrative monetary penalty of $693,742.50 on March 27, 2026, for non-compliance with Part 1 of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated Regulations.

  • Update to UK Sanctions List: Russia, Iran and Afghanistan Regime

    UK Government

    Today, Thursday 14 May, the UK Government has revoked 1 specification, varied 1 designation, and made 3 amendments to designations imposed under the Russia Sanctions Regime. Revoked Specification:

    Name: IMO Number: Unique ID:
    MILLEROVO IMO 9035541 RUS2605
    Varied Individual:
    Name: Unique ID:
    Yulia GURYEVA-MOTLOKHOV RUS2066
    Amended Individuals:
    Name: Unique ID:
    Pavel Valerevich NIKITIN RUS3515
    Dmitriy Evgenievich SHEVCHENKO RUS3519
    Timofey Vladimirovich VASILIEV RUS3573

  • Slovakia: Council of Europe’s Group of States against Corruption evaluates anti-corruption measures at local and regional levels

    GRECO

    The Slovak Republic has a well-established anti-corruption and integrity system largely covering the local and regional levels, with examples of good practices in several areas, concludes the Council of Europe’s Group of States against Corruption (GRECO) in an evaluation report released today. The evaluation process included an on-site visit in May 2025 during which GRECO’s evaluation team engaged with a wide range of national and local stakeholders in Bratislava and the Trenčin region. Findings The report analyses the institutional structures and regulatory frameworks in place to combat corruption and promote integrity, and their practical implementation, in Bratislava and the Trenčin region, as well as at the national level. While acknowledging certain positive measures, GRECO identifies several areas where further progress is needed to strengthen the Slovak Republic’s integrity system, promote accountability at the sub-national level, and foster public trust in institutions. The report contains 13 recommendations addressed to the Slovak authorities.

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