In this episode Rachel Wolcott and Lindsey Rogerson discuss third quarter enforcement data provided by Corlytics. They begin by reviewing the largest fine of the quarter handed down to fast fashion chain, Shein, by French privacy watchdog Commission nationale de l’informatique et des libertés’ (CNIL). Shein was fined US$175.7 million for multiple breaches of Article 82 of the EU General Data Protection Regulation (GDPR) after an August 2023 investigationproblems with the retailers’ cookies. Rachel then explains the enforcement actions which lie behind a record quarter of fines from the Monetary Authority of Singapore (MAS), before moving on to discuss why anti-money laundering and financial crime are the common theme behind many of Q3’s enforcement decisions.  Finally, they discuss the messages coming from US and UK regulators on future enforcement actions as well as the prospects of more AML-related enforcements from United Arab Emirates. Are enforcements there token gestures or a sign of things to come?  Links:Q3 enforcement: Singapore fines and bans for AML failings; Shein’s costly cookiesMAS Takes Regulatory Actions against 9 Financial Institutions for AML-Related BreachesCookies placed without consent: SHEIN fined 150 million euros by the CNIL | CNILMonzo fined £21 million for fincrime failures, third challenger bank fine inside a yearWeak bank customer due diligence in spotlight again after Barclays fined £42 millionSettlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Interactive Brokers LLC | Office of Foreign Assets ControlTransparency International Russia (in Exile): “Gold and Crossbows: How Russian Mercenaries Enable Dirty Business in Africa”Acting Chairman Pham Announces Successful Completion of Enforcement Sprint Contact us:Editorial@corylated.comwww.compliancecorylated.comwww.corlytics.com

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