The Top 10  Most Difficult Countries for Identity Verification

The Top 10  Most Difficult Countries for Identity Verification

Download Report

ICO Warns Public Bodies Over Failure to Respond FOI Requests

n-img-ico

ICO warned public bodies regarding Freedom of Information (FOI) requests failure. Different departments got the notice, and the ICO chief cautioned non-complied bodies about the regulator’s power of action. 

The head of ICO (Information Commissioner’s Office) warned public bodies that strict actions would be taken against those failing to respond to FOI (Freedom of Information) within 20 days after issuing its first notice. 

According to ICO chief John Edwards, the watchdog will adopt a revised approach to make public bodies act according to FOI requests. He also warned about the regulator’s power. The warning resulted from action taken by ICO against two government departments due to their repeated failure over FOI requests within the required period. 

UK Information Commission Edwards said that regulating public bodies’ compliance following the enforcement actions is part of ICO’s new approach regarding the Freedom of Information Act 2000; enforcement action comes as part of ICO’s new approach. 

“Accountability and transparency in the work of public authorities are fundamental to democracy and it is the ICO’s role to ensure that people’s right to access information is protected,” Edwards said. “I advise public authorities to take note and learn lessons from the action we have taken today, as we will be making greater use of our powers under the Act to drive good practice and compliance.”

The actions observed that in its first FOI enforcement notice against a government department in seven years, ICO issued an implementation notice against DIT (Department for International Trade). The enforcement notice came when data showed DIT’ responding to FOI requests. As per the data, DIT responded to just 19% of FOI requests within 20 days. 

BEIS also received a practice recommendation by ICO over its “consistently low level of overall performance in respect of the timeliness of BEIS’s responses to FoI requests.” As per central government figures, BIES has failed to respond to a “significant” number of FOI requests that were required to be done within the required time frame. 

Suggested Read: Saudi Bank Warns Citizens Against Financial Fraud Schemes Circulating via Fake News Websites

Related Posts

News

Crypto Services Approved Under AMLD5 Regulations by the Dutch Central Bank

De Nederlandsche Bank NV (DNB) has permitted AMDAX BV the Central Bank of Netherlands to operate ...

Crypto Services Approved Under AMLD5 Regulations by the Dutch Central Bank Explore More

News

Gary Gensler- Former CFTC Chair to Join President-Elect Biden’s team as Financial Expert.

A crypto-savvy and a CFTC (Commodity Futures Trading Commission) chair from President Obama’s gov...

Gary Gensler- Former CFTC Chair to Join President-Elect Biden’s team as Financial Expert. Explore More

News

FINTRAC Fines Two B.C. Real Estate Brokerage Firms for AML Violations

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has recently fined two...

FINTRAC Fines Two B.C. Real Estate Brokerage Firms for AML Violations Explore More

News

Scammers Stealing Kids’ Identities By Offering ‘Free Child Safety Kids”

The Better Business Bureau (BBB) is warning parents to be aware of ‘free child safety kits’ as sc...

Scammers Stealing Kids’ Identities By Offering ‘Free Child Safety Kids” Explore More

News

France to Implement Stringent Regulations on Cryptocurrency

France is planning on regulations that abolish the anonymity in cryptocurrency. Financial authori...

France to Implement Stringent Regulations on Cryptocurrency Explore More

News

Rapstar Captured for His Role in Wire Fraud Scheme

A famous rapper from Chicago with his crew members was caught and charged in court for using the ...

Rapstar Captured for His Role in Wire Fraud Scheme Explore More

News

Singapore Plans to Amend Laws to Arrest Money Mules Facilitating Scams

Singapore authorities have decided to amend laws for prosecuting money mules facilitating financi...

Singapore Plans to Amend Laws to Arrest Money Mules Facilitating Scams Explore More

News

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes

Vietnam regulatory departments are redefining their AML compliance measures to supervise cryptocu...

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes Explore More

News

Ripple CEO urges US Regulators to embrace Crypto

Brad Garlinghouse, CEO Ripple has encouraged the US regulator “to step up and lean into digital c...

Ripple CEO urges US Regulators to embrace Crypto Explore More

News

AML/KYC Non-compliance Penalties Drop by 40% in the Second Half of 2021

KYC/AML non-compliance penalties have dropped by 40% in the second half of 2021. However, this do...

AML/KYC Non-compliance Penalties Drop by 40% in the Second Half of 2021 Explore More

News

Binance Resorts to Shady Crypto Firms as Authorised Options Run Short

Binance, the global crypto exchange leader, retract to shady asset companies as authorised option...

Binance Resorts to Shady Crypto Firms as Authorised Options Run Short Explore More

News

WHO Warns about Online Job Scams during COVID-19 Pandemic

A message shared on WhatsApp and Facebook claims that the World Health Organization (WHO) is adve...

WHO Warns about Online Job Scams during COVID-19 Pandemic Explore More

News

Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering

Seven people, three GSC officers and four other individuals from Guam Shrine Club, a nonprofit or...

Nonprofit Guam Shrine Club Under Fire for Alleged Illegal Gambling and Money Laundering Explore More

News

Money Laundering Via Trade Has Drastically Fallen, Says Association of Bankers Bangladesh

On May 22nd, the Association of Bankers, Bangladesh (ABB) reported that trade-based money launder...

Money Laundering Via Trade Has Drastically Fallen, Says Association of Bankers Bangladesh Explore More

News

Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds

Portuguese banks have restricted services of multiple crypto exchange firms operating in the coun...

Portuguese Banks Restrict Services for Crypto Exchanges, Citing Risky Grounds Explore More

News

IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies

IRS highlights Non-Fungible Token (NFTs) and crypto as the potential risk of financial crimes, in...

IRS Highlights Potential Risk of Fraud in NFTs and Cryptocurrencies Explore More

News

Lebanon Central Bank Denies Money Laundering Allegations and Embezzlement Charges

The governor of the Lebanese central bank appeared in the first court hearing on the premise of s...

Lebanon Central Bank Denies Money Laundering Allegations and Embezzlement Charges Explore More

News

South Africa Anticipates Removal from FATF Gray List in 2025

The South African government is anticipating that they will address all the FATF international st...

South Africa Anticipates Removal from FATF Gray List in 2025 Explore More

News

Ransomware attack on insurance MSP Xchanging affects customers

DXC Technology, a global IT solutions provider reported a ransomware attack to the US Exchange Co...

Ransomware attack on insurance MSP Xchanging affects customers Explore More

News

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets

The Council Presidency has reached a provisional agreement with the EU Parliament regarding the r...

EU Parliament Reaches Provisional Agreement on Extending Rules for Crypto Assets Explore More

News

Albania’s Fight Against Money Laundering and Terrorist Financing Gains Traction

Based on the Council of Europe’s MONEYVAL review report, published on June 21st, Albania ha...

Albania’s Fight Against Money Laundering and Terrorist Financing Gains Traction Explore More

News

Large Korean bank to pay a huge fine for violating AML law

NEW YORK, April 20 (Reuters) – Industrial Bank of Korea 024110.KS, one of South Korea’...

Large Korean bank to pay a huge fine for violating AML law Explore More

News

Regulators Express Concerns on TD Bank’s AML Practices Leading to Merger Termination to Acquire First Horizon Bank

TD Bank was being examined by the Office of the Federal Reserve and the Comptroller of the Curren...

Regulators Express Concerns on TD Bank’s AML Practices Leading to Merger Termination to Acquire First Horizon Bank Explore More

News

South Korean Government to Enforce Cryptocurrency Transaction Monitoring in H1 2023

The South Korean government is looking to implement crypto oversight by tracking transactions to ...

South Korean Government to Enforce Cryptocurrency Transaction Monitoring in H1 2023 Explore More

News

Video KYC: The New Normal in the Insurance Industry

Since everything is moving to digital platforms, the Insurance Regulatory and Development Authori...

Video KYC: The New Normal in the Insurance Industry Explore More

News

Data Security at Risk Due to the Fake Lending Apps

Gained network access, pictures, and contact information are at threat due to the fake lending ap...

Data Security at Risk Due to the Fake Lending Apps Explore More

News

France to Implement Stringent Regulations on Cryptocurrency

France is planning on regulations that abolish the anonymity in cryptocurrency. Financial authori...

France to Implement Stringent Regulations on Cryptocurrency Explore More

News

Singapore Monetary Authority to Review Rising Card Scam Cases

The Monetary Authority of Singapore (MAS) is reviewing the liability framework for card scams, gi...

Singapore Monetary Authority to Review Rising Card Scam Cases Explore More

News

China Pledges “Zero Tolerance” for Financial Fraud

Top financial regulators in China pledged to introduce stricter controls following the recent dis...

China Pledges “Zero Tolerance” for Financial Fraud Explore More

News

Credit Union Identity Theft Investigation Handed Over to Federal Prosecutors

NY Police have handed over the investigation of a $100,000 ID theft ring allegedly involving a fo...

Credit Union Identity Theft Investigation Handed Over to Federal Prosecutors Explore More

News

Cybercrimes in UK have ‘doubled’ in past five years

Large businesses remain most at target but SMBs have seen the steepest rise in successful cyber a...

Cybercrimes in UK have ‘doubled’ in past five years Explore More

News

Council of Europe Shows Support to Serbian Authorities For Combating Money Laundering

The Council of Europe stays dedicated to showing support to authorities for fighting money-launde...

Council of Europe Shows Support to Serbian Authorities For Combating Money Laundering Explore More

News

EU, UK and US Blame Russia for Cyberattacks on Internet Service Providers

Accusations were imposed on Russia due to the recent disastrous cyberattacks on the European sate...

EU, UK and US Blame Russia for Cyberattacks on Internet Service Providers Explore More

News

British Columbia Makes Regulatory Change to Combat Money Laundering

The British Columbia government is providing the gambling regulator of the province more independ...

British Columbia Makes Regulatory Change to Combat Money Laundering Explore More

News

US Seizes 18 Crypto ATMs Bought With Fraudulent Loans

US law enforcement has seized 18 cryptocurrency automated teller machines previously purchased vi...

US Seizes 18 Crypto ATMs Bought With Fraudulent Loans Explore More

News

Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities

The US Congress presented comprehensive legislation for the crypto market to redefine workflows a...

Crypto Bill Approved by the US Congress Set to Revamp Digital Asset Securities Explore More

News

Bithumb, Coinone and Korbit Team Up for FATF Travel Rule Compliance

Bithumb, Coinone and Korbit have founded a joint venture to facilitate all efforts for maintainin...

Bithumb, Coinone and Korbit Team Up for FATF Travel Rule Compliance Explore More

News

BSP Seeking to Mandate e-KYC For Financial Institutions

The draft circular suggests obligatory e-KYC processes, including identity verification and custo...

BSP Seeking to Mandate e-KYC For Financial Institutions Explore More

News

FEMA Confirms Seizure of 288 Crore Funds of Chinese-owned NBFC

The FEMA has confirmed the seizure of 288 crores worth of funds of a “Chinese-owned” ...

FEMA Confirms Seizure of 288 Crore Funds of Chinese-owned NBFC Explore More

News

Rise in Fraud from COVID-19 Bounce Back Loan Scheme

Fraudsters are stealing the money around £400M from taxpayers in the UK through the support loans...

Rise in Fraud from COVID-19 Bounce Back Loan Scheme Explore More

News

Another Step Taken by the EU to Harmonize AML Rules

The European Banking Authority has proposed new guidance for compliance officers. The attempt is ...

Another Step Taken by the EU to Harmonize AML Rules Explore More

News

IRS Criminal Investigation Uncovers Approx. $10 Billion Worth of FinCrime

IRS-CI FY 2021 highlighted $2.19 billion in tax fraud, $8.18 billion in financial crimes, 1497 wa...

IRS Criminal Investigation Uncovers Approx. $10 Billion Worth of FinCrime Explore More

News

North Korean Hackers Attempt to Launder ETH Worth $27M from Harmony Bridge Attack

North Korean hackers behind the Harmony Bridge attack continue to attempt to launder crypto funds...

North Korean Hackers Attempt to Launder ETH Worth $27M from Harmony Bridge Attack Explore More

News

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown

Chinese businesses, as per a ruling by the SEC, are directed to present additional disclosures re...

SEC Updates Regulatory Disclosures for Chinese Issuers Amid Crackdown Explore More

News

Poker Machines Being Preyed by Criminals Amidst COVID-19 Pandemic

During the five months of lockdown due to the COVID-19 pandemic, there has been a growth of 305 U...

Poker Machines Being Preyed by Criminals Amidst COVID-19 Pandemic Explore More

News

ProtonMail added an encrypted calendar to its encrypted Gmail competitor

Previous year Google faced a hefty fine of $170 million by the Federal Trade Commission following...

ProtonMail added an encrypted calendar to its encrypted Gmail competitor Explore More

News

UK Mandates Enhanced Due Diligence on High-Risk Jurisdiction

Authorities in the UK rolls our new regulatory measures to perform enhanced due diligence for hig...

UK Mandates Enhanced Due Diligence on High-Risk Jurisdiction Explore More

News

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes

Vietnam regulatory departments are redefining their AML compliance measures to supervise cryptocu...

Vietnam Enhances Anti-Money Laundering Laws to Prevent Financial Crimes Explore More

News

Ransomware gang failed to deploy an attack against 30 US firms

A ransomware attack was blocked by a group by the Cybersecurity firm Symantec known for demanding...

Ransomware gang failed to deploy an attack against 30 US firms Explore More

News

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine

Residents in the UAE have been advised to perform due diligence procedures prior to investing in ...

UAE: Virtual Asset Fraudsters to Face Imprisonment, Dh 1M Fine Explore More

News

Germany to Establish New Regulatory Body to Combat Money Laundering

It has been reported that the German government will create a new regulatory body to combat money...

Germany to Establish New Regulatory Body to Combat Money Laundering Explore More

News

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach

Real Estate development and construction company Tirupati Development Limited has dragged KCB Ban...

Real Estate Money Laundering Rises, KCB Dragged to Court for AML Breach Explore More

News

$6.1 Million Seized As US Treasury Sanctions Another Crypto Exchange

The US Department of the Treasury has sanctioned Chatex crypto exchange “for facilitating financi...

$6.1 Million Seized As US Treasury Sanctions Another Crypto Exchange Explore More

News

Sri Lanka removed from the high-risk money-laundering list

COLOMBO – Sri Lanka was recently removed from the list of high-risk countries for money lau...

Sri Lanka removed from the high-risk money-laundering list Explore More

News

Visa and BlockFi Team Up to Launch Bitcoin Rewards for Credit Card Users

As digital currencies are entering different regions of the world, financial giants are introduci...

Visa and BlockFi Team Up to Launch Bitcoin Rewards for Credit Card Users Explore More

News

Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches

Australia’s financial intelligence agency, The Australian Transaction Reports and Analysis Centre...

Australian Bank, Westpac, Accused of 23 Million Money Laundering Breaches Explore More

News

Binance’s Regulatory Setback in Singapore Shifts Attention to Middle East

Binance, the world’s largest cryptocurrency exchange, withdrew its application for licence in Sin...

Binance’s Regulatory Setback in Singapore Shifts Attention to Middle East Explore More

News

Actor Behind $650M Ponzi Scheme Set to Face 20-Year Jail Time

The actor was arrested on account of wire fraud, identity theft, securities fraud, and executing ...

Actor Behind $650M Ponzi Scheme Set to Face 20-Year Jail Time Explore More

News

Facebook Built a Facial Recognition App To Identify Employees

Facebook is again under fire for its controversial facial recognition technology. The tool used f...

Facebook Built a Facial Recognition App To Identify Employees Explore More

News

Unlisted Crypto Exchange, JPEX, Investigated for Criminal Charges by SFC

The Hong Kong Security and Futures Commission (SFC) warned an unlisted crypto exchange platform, ...

Unlisted Crypto Exchange, JPEX, Investigated for Criminal Charges by SFC Explore More

News

SRA Receives Fewer AML Violation Reports from England & Wales Despite Sanctions Drive

Anti Money Laundering (AML) violations in England & Wales reported to the Solicitors Regulati...

SRA Receives Fewer AML Violation Reports from England & Wales Despite Sanctions Drive Explore More

News

Estonia’s New AML/CFT Regulatory Regime Sparks 80% Downfall in Licensed Crypto Firms

Since May 2023, Estonia’s updated crypto AML/CFT regulations have resulted in an 80% reduction in...

Estonia’s New AML/CFT Regulatory Regime Sparks 80% Downfall in Licensed Crypto Firms Explore More

News

China Warns of Money Laundering Risks Arising from NFTs

China has warned of the financial risks associated with non-fungible tokens (NFTs) as three indus...

China Warns of Money Laundering Risks Arising from NFTs Explore More

News

SMEs Decry Registration Hurdles Owing to SCUML Certificate

SMEs have decried hurdles in opening business/corporate accounts due to the Anti Money Laundering...

SMEs Decry Registration Hurdles Owing to SCUML Certificate Explore More

News

UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations

After the two-year investigation, the United Kingdom Gambling Commission (UKGC) imposed EUR 3.8 m...

UKGC imposed EUR 3.8 Million Fine on Genesis Global for Social Responsibility and Money Laundering Violations Explore More

News

BANGKO SENTRAL ng Pilipinas (BSP) Cancels Licences of Two Firms

THE BANGKO SENTRAL ng Pilipinas (BSP) has cancelled two virtual asset service provider (VASP) fir...

BANGKO SENTRAL ng Pilipinas (BSP) Cancels Licences of Two Firms Explore More

News

Google Warns 12,000 Victims of Government Hacks

In just three months, from July to September 2019, Google sent out 12,000 warnings to people who ...

Google Warns 12,000 Victims of Government Hacks Explore More

News

Scottish Firm Blacklisted by the World Bank for Fraudulent Practices

An anonymously owned Scottish firm has been blacklisted by the World Bank for being involved in f...

Scottish Firm Blacklisted by the World Bank for Fraudulent Practices Explore More

News

Egypt Government to Establish Central Bank Unit for AML and CFT

On Wednesday the cabinet approved a draft law amending some regulations within the Anti-Money Lau...

Egypt Government to Establish Central Bank Unit for AML and CFT Explore More

News

UK’s FCA Warns Challenger Banks Over Inadequate AML Measures

The UK’s main financial regulator has warned challenger banks to improve measures for fighting fi...

UK’s FCA Warns Challenger Banks Over Inadequate AML Measures Explore More

News

Swedish Biggest Bank Hosts Active Account for PKK Terrorist Group

According to a local media source, the most prominent Swedish bank, SEB (Skandinaviska Enskilda B...

Swedish Biggest Bank Hosts Active Account for PKK Terrorist Group Explore More

News

Singapore Seizes $736m Worth of Assets in Money Laundering Investigation

Singapore police have arrested 10 foreigners in the money laundering operation and seized $736m w...

Singapore Seizes $736m Worth of Assets in Money Laundering Investigation Explore More

Take the next steps to better security.

Contact us

Get in touch with our experts. We'll help you find the perfect solution for your compliance and security needs.

Contact us

Request demo

Get free access to our platform and try our products today.

Get started