China's AML Law: A New Era of Compliance
China's amended Anti-Money Laundering (AML) Law, effective January 1st, 2025, significantly strengthens its AML framework by aligning with Financial Action Task Force (FATF) standards. Key changes inc...
1 Feb 202516min
Stargate AI initiative: Cipher Mining's $50 Million SoftBank Investment
Cipher Mining, a bitcoin mining company, received a $50 million investment from SoftBank, a major investor in the President Trump-announced Stargate AI initiative. This investment signifies a growing ...
31 Jan 202517min
AML Breaches! Are They Misconduct ? Dentons SRA Appeal
The primary focus is a High Court appeal concerning Dentons, a global law firm, and the Solicitors Regulation Authority (SRA). The SRA appeals a tribunal's decision that Dentons' inadvertent breach of...
31 Jan 202511min
EU Sanctions: Year-End 2024 Review
This episode summarises recent developments in European Union sanctions, focusing on the fifteenth package targeting Russia, encompassing individual and entity listings, trade restrictions, and divest...
31 Jan 202526min
Global AML Enforcement: 2024 Year-End Review
A 2024 year-end review of regulatory enforcement highlights a sharp rise in global fines, totalling $25 billion, primarily due to increased scrutiny of financial institutions and virtual asset service...
31 Jan 20256min
DeepSeek AI Hacked: A Security Failure
DeepSeek AI, a newly released ChatGPT competitor, was quickly compromised via a simple SQL injection attack. Despite promises of robust security and free access, the platform suffered a significant br...
31 Jan 202521min
The Evolving Role of the Chief Risk Officer
This episode discusses the evolving role of the Chief Risk Officer (CRO) in banks, particularly in the UAE, where stricter regulations have been implemented. The traditional, centralised model of risk...
31 Jan 20256min
Volksbank's €5 Million AML Fine
The Dutch central bank (DNB) fined Volksbank €5 million for significant and persistent failings in its anti-money laundering (AML) controls between 2020 and 2023. These failures included inadequate tr...
30 Jan 202511min
