Anti-Fraud & Financial Crime
Regulatory Intelligence Incorporating 'Fraud Squad'

Tag: Money laundering

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    • Regulatory Watch News

    • Update to UK Sanctions List: ISIL (Da’esh) and Al-Qaeda Regime

      UK Government

      Today, Friday 16 October, the UK Government has amended 2 individuals and 1 entity sanctioned under the ISIL (Da’esh) and Al-Qaeda Sanctions Regime. This reflects amendments made on 15 October by the UN Security Council Sanctions Committee pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015). Amended Individuals:

      Name UN ID: Unique ID:
      Mounir EL MOTOSSADEQ QDi.082 AQD0254
      Noor Wali MEHSUD QDi.427 AQD0362
        Amended Entity:
      Name: UN ID: Unique ID:
      TEHRIK-E TALIBAN PAKISTAN QDe.132 AQD0079
       

    • HKMA announces “ART” Framework to promote responsible A.I. adoption

      HKMA

      The Hong Kong Monetary Authority (HKMA) announced today the “ART” Framework to support the responsible adoption of artificial intelligence (A.I.) in the banking sector, fostering an A.I.-enabled banking ecosystem with Accountability, Resilience, and Trust. A.I. systems are becoming more autonomous, with greater access to data, tools and workflows.  With the aim of supporting banks in seizing the opportunities presented by A.I. while maintaining robust governance and operational resilience, key initiatives under the “ART” Framework include:

      • Issued the latest Supervisory Guidance for Responsible Adoption of Artificial Intelligence, drawing on insights from the second cohort of the Generative A.I. (GenA.I.) Sandbox1;
      • An A.I. training data sharing platform in collaboration with Hong Kong Cyberport Management Company Limited (Cyberport) and the University of Hong Kong, with data quality assurance as a core design principle; and
      • Further testing of agentic A.I. applications through the GenA.I. Sandbox++2 and an upcoming discussion paper on a proposed supervisory framework for agentic A.I. governance, exploring intent-anchored accountability, a registry of material A.I. agents, and effective intervention mechanisms.

    • Global drug plot foiled in joint investigation between AFP and Chilean police

      Australia Federal Police

        A joint investigation by the AFP and Chilean authorities has led to the arrest of four people for their alleged roles in a failed plot to import 23kg of cocaine into Australia. Inquiries by the Policia de Investigaciones de Chile (PDI) uncovered alleged plans by an organised crime network to import cocaine into Australia via a commercial aircraft. The PDI seized the cocaine, which has an estimated Australian street value of $17 million, and shared intelligence with AFP investigators.

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