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This week's Subject Matter is about the Updates On Ukraine-/Russia-Related Sanctions Regulations As attacks continue in Ukraine, the US, the EU, and several other countries have introduced or amended their sanctions-related legislation to impose economic sanctions on Russia and its regime involved in invading Ukraine. Major sanctions entities include the Central Bank of the Russian Federation, the Ministry of Finance of the Russian Federation, President Vladimir Putin, and the Minister of Foreign Affairs, Sergei Lavrov. Subscribe to AML Penalties @ www.amlpenalties.com for more insights & updates.
The Mobile Economy 2022 report by GSMA provides an overview & forecast of the mobile market in numbers. Globally, the number of mobile internet customers reached 4.2 billion by 2021. In 2021, the worldwide mobile ecosystem employed about 12 million people directly, with another 14 million indirectly employed through related businesses. Between 2022 and 2025, mobile operators would need to invest over $600 billion globally, with around 85 percent of it going into 5G networks. By the end of 2025, 5G will account for around a quarter of total mobile connections and more than two in five people around the world will live within reach of a 5G network. This week’s OSIN {One Story In Numbers} represents the estimated smartphone adoption by region, 2021 – 2025.
This week we have 16 AML Events, involving 24 individuals and 4 entities, resulting in a total of USD 93.2 Mn penalties with incarcerations of 550 months. Notable events of the week include a penalty of USD 55.4 Mn being imposed on the National Bank of Pakistan by the US Federal Reserve System and the Department of Financial Services for non-compliance with AML/BSA regulations. Next is a fine of USD 13.8 Mn being imposed on Trustly Group AB by the Swedish Financial Supervisory Authority (SFSA) for not complying with AML/CFT regulations. Finally, a fine of USD 2.8 Mn was imposed on BetVictor Gaming Ltd. by the UK Gambling Commission for non-compliance with AML regulations. Finally, about regulatory updates, the US and the UAE sign bilateral agreements enhancing Law Enforcement Cooperation. Also, the EBA published today the findings of its assessment of competent authorities’ responses to the 2020 Luanda leaks. Click here https://bit.ly/35A0los to read in detail about the week's top AML events, news, and regulatory updates.
https://bit.ly/3poRVYe This week, we begin with an announcement of centre’s plan to develop a digital platform that will allow doctors, clinics, and hospitals across the country to access patients' medical records with their permission and approval of implementation of ABDM. Next is an analysis of the health data NFTs and some of the challenges faced by NFT in the medical industry. Then, we have an article that discusses the issue of data debt which is the accumulated cost of the suboptimal data asset governance. Following that, we have a list of passwords most commonly found in the leaked account information on the dark web, from a recent report by Lookout, a mobile security firm. Next is a piece on the vulnerability of the utility sector to cyberattacks and some of the steps to boost data security & reduce the cost of a data breach in the sector. Lastly, we have an essay describing the importance and complexities of adopting social commerce by retailers in today’s changing trend where customers lead the way.
We have had a good year at ZIGRAM thanks to the support of our users, clients, partners, and team members. With over 100 positions open, we look forward to welcoming amazing professionals to our data science, engineering, research, products, and solutions team. Write to us at hr@zigram.tech or get more info on our website www.zigram.tech
This week we highlight the case of Sarah Ochekpe, Former Minister of Water Resources, who was sentenced to prison for money laundering. Subscribe to AML Penalties @ www.amlpenalties.com for more insights & updates.
A knowledge graph is a knowledge base that uses a graph-structured data model or topology to integrate data. A knowledge graph is made up of three main components: nodes, edges, and labels. Knowledge graphs have applications in industries, such as retail, entertainment, healthcare, finance etc. Recent surge in the use of knowledge graphs is driven because of the confluence of three different advances: data linking and sharing over the web progress in in NLP and vision to extract relations from texts and images. Global semantic knowledge graphing market was valued at $1054.6 million in 2019 & is anticipated to grow at a CAGR of 14% over the forecast period to reach $3,000 million in 2027. In this week’s Know Your Data {KYD}, we present you with a brief overview of knowledge graph.
This week's Subject Matter is about the action taken by the United States Treasury to Impose Economic Costs in Response to Actions in the Donetsk and Luhansk Regions The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Russian individuals and organizations, concerning continued efforts of Russia to undermine the sovereignty and territorial integrity of Ukraine, by recognizing Donetsk and Luhansk People’s Republics (DNR and LNR) as “independent” states and deployed troops to these regions. OFAC imposed sanctions on two major Russian state-owned financial institutions and 42 subsidiaries, imposing additional restrictions on Russian sovereign debt, sanctioning five Kremlin-connected elites, and restricting economic activity with the DNR and LNR regions. Subscribe to AML Penalties @ www.amlpenalties.com for more insights & updates.
2022 Global Threat Report by CrowdStrike provides key insights on what security teams need to know to stay ahead of today's threats in an intensifying dangerous threat landscape. Even though certain adversaries and ransomware families stopped functioning in 2021, the total number of active ransomware families grew. According to the report, ransomware-related data leaks increased by 82% in 2021, with 2,686 incidents as of 31 Dec 2021, compared to 1,474 in 2020. Attackers are increasingly aiming to achieve their goals without infecting the endpoint with malware. This week’s OSIN {One Story In Numbers} represents the comparison of data leaks for top 5 sectors, 2020 vs. 2021.
https://bit.ly/3BG7jEr This week, we begin with an article about the EU’s decision impacting a large number of businesses and organizations in Europe and the U.S. over data transfers. Next is a piece that talks about the lazy nature of fraudsters, that they can sign up for a free email account but will not spend the time to create a complete online profile. Then, we have a story outlining the benefits of data mesh over data lake & data warehouse in producing and consuming data sets. Following that, we have an essay exploring how businesses can reap the potential benefits of geospatial data. Next is an article describing the project based on threshold computing causing the information leakage to be random, thus preventing the reveal of any actual side-channel information. Lastly, we have a piece tracing the use of AI & ML in minimizing and resolving various issues, particularly in the areas of EV adoption and producing environmentally friendly automotive technology.
