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AMLA
AMLA has finalised three sets of regulatory technical standards (RTS) defining key measures companies and professionals must apply to reduce money laundering and terrorist financing risks. Shaped by broad stakeholder input, the standards give the private sector a common framework for meeting these requirements, and mark a milestone towards a clear and consistent AML/CFT rulebook for the EU.
Australia Federal Police
The AFP has finalised a foreign bribery investigation into SMEC International Pty Ltd (SMEC), after SMEC and the AFP agreed to a settlement payment totalling $9 million (pecuniary penalty) under the provisions of the Proceeds of Crime Act 2002 (Cth) (POCA). The settlement does not involve any admission of liability by SMEC. The AFP investigation, which is part of Operation Amorce, examined conduct involving SMEC across several jurisdictions, including Sri Lanka and Vietnam.
FinCEN
WASHINGTON—Today, as part of Operation Economic Outcast, the U.S. Department of the Treasury took unprecedented action against the A7 Network, a shadow banking network with ties to Russia used by the Iranian regime to evade sanctions.
