In the world of maritime sanctions, marine insurers and P&I clubs play a vital role in protecting the sector from regulatory and operational risk. But as expectations from regulators increase and sanctions regimes grow more intricate, relying on standard compliance approaches is no longer enough. Two areas are particularly critical for effective sanctions risk management: […]
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In a week that has highlighted the Trump administration’s de-regulatory agenda on financial oversight, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced multiple developments in their attempts to ease compliance burdens on non-banking institutions while still maintaining appropriate anti-money laundering (AML) and counter-terrorism financing (CFT) protocols to protect national security. These updates – […]
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In a significant development for one of Europe’s largest banks, UBS Group AG has agreed to pay a reported €835 million ($985.6 million) to settle a long-standing tax evasion case in France. The settlement, announced on September 23rd, 2025, resolves allegations that the Swiss banking giant assisted its wealthy French clients in evading taxes between […]
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