All Asia articles – Page 3
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PremiumQ&A: Seaco general counsel, compliance head on environmental regulations
Dominic Buckwell, general counsel and compliance head at global marine container leasing company Seaco, discussed key themes including anti-money laundering, sanctions, and why the industry needs common environmental reporting standards.
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News BriefFATF removes Jamaica, Türkiye from watchlist; adds Monaco, Venezuela
Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s grey list.
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Blog
Jio Financial Services announces group CRO
Jio Financial Services announced the appointment of S. Anantharaman as group chief risk officer of the company.
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News BriefMondo TV reaches $538K settlement with OFAC over N. Korea sanctions violations
Italy-based Mondo TV agreed to pay $538,000 to settle charges with the Treasury Department’s Office of Foreign Assets Control over 18 apparent violations of North Korea sanctions regulations.
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News BriefOFAC sanctions nearly 50 entities for ‘shadow banking’ benefiting Iranian military
The Treasury Department’s Office of Foreign Assets Control sanctioned nearly 50 entities connected with so-called “shadow banking” networks that help Iran’s military evade U.S. sanctions and to sell the country’s oil and petrochemical products.
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News BriefWashington state importer ordered to hire CCO in response to Lacey Act violations
A Washington state importer has been ordered by the Department of Justice to pay a $360,000 fine and hire a chief compliance officer after imported wood items the company claimed to be from Malaysia were found to be from China.
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Premium‘We have to stop shrinking ourselves’: Strategies for confronting BIPOC bias
Attendees at Compliance Week’s Women in Compliance Summit discussed strategies for confronting bias against Black, indigenous, and people of color professional women working in compliance and risk.
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PremiumPanelists break down robust sanctions landscape at TPRM Summit
Sanctions compliance officers face myriad challenges as complex geopolitical situations heighten risks worldwide, experts discussed during Compliance Week’s Third-Party Risk Management & Oversight Summit.
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Blog
Freedom Holding adds first legal chief
Financial services company Freedom Holding Corp. announced the appointment of Jason Kerr as its first chief legal officer.
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Slice names ex-Kotak risk chief as chief risk adviser
India-based consumer payments and lending company Slice announced the appointment of Arvind Kathpalia, president and group chief risk officer at Kotak Mahindra Bank, as chief risk adviser.
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Karnataka Bank appoints chief compliance officer
India-based Karnataka Bank announced the appointment of Vinaya Bhat P.J. as chief compliance officer.
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News BriefOFAC fines SCG Chemicals unit $20M over Iran sanctions violations
A subsidiary of Thailand-based SCG Chemicals Co. agreed to pay a $20 million fine to the Office of Foreign Assets Control over “egregious” violations of sanctions against Iran.
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Bank of Maharashtra appoints risk chief
India-based Bank of Maharashtra announced the appointment of Subhasish Roy as chief risk officer.
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News BriefKPMG Netherlands fined record $25M by PCAOB for exam cheating
KPMG Netherlands agreed to pay a record $25 million penalty levied by the U.S. Public Company Accounting Oversight Board for allegedly allowing widespread cheating by employees on internal training exams and misinforming regulators about the misconduct.
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Giti Tire appoints chief sustainability officer
Singapore-headquartered tire company Giti Tire announced the appointment of Pang Chong Hau as chief sustainability officer.
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News BriefTrafigura pleads guilty, to pay $127M over FCPA violations in Brazil
Singapore-based commodity trading company Trafigura agreed to pay nearly $127 million as part of a resolution with the Department of Justice addressing violations of the Foreign Corrupt Practices Act in Brazil.
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News BriefAdani Group on defense over reports of FCPA probe
Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice into bribery allegations against a “third party” but denied a relationship with it.
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SMBC appoints Americas chief risk officer
Sumitomo Mitsui Banking Corp. announced the appointment of Mark Corteil as chief risk officer for the Americas division.
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ArcelorMittal Nippon Steel India appoints sustainability chief
Steel manufacturer ArcelorMittal Nippon Steel India appointed Arvind Bodhankar as chief sustainability officer.
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Angel One names group general counsel
India-based retail full-service broking house Angel One welcomed Meenal Maheshwari Shah as group general counsel.