AML / KYC

AML / KYC

AUSTRAC Accepts Enforceable Undertaking from Sportsbet

By Sanday Chongo Kabange | 30/05/2024

The undertaking binds the online betting company to an ongoing remedial action plan to improve its AML/CTF programme.

AML / KYC

Singapore Publishes Environmental Crimes ML Risk Assessment

By Nithya Subramanian | 30/05/2024

Singapore is assessed to be at medium-low risk for money laundering linked to environmental crimes.

AML / KYC

ASIC to Launch New Professional Registers Search in June

By Sanday Chongo Kabange | 30/05/2024

The platform will allow users to search for a licence or registration across multiple registers with a single search.

Crypto / Digital Assets

Authorities Take Down “World’s Largest” Malicious Botnet

By Editors | 30/05/2024

US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

AML / KYC

Hong Kong Arrest 20 in Triad-Run Money Laundering Scheme

By Sanday Chongo Kabange | 28/05/2024

The HKPF arrested 20 people for laundering HK$10mn through 17 bank accounts set up by foreign domestic helpers and controlled by triads.

Enforcement

India Tightens Scrutiny of Foreign Beneficial Ownership

By Ajoy K Das | 28/05/2024

India’s Registrar of Companies has already imposed penalties on executives of Microsoft and others for violating beneficial ownership disclosure norms.

AML / KYC

Bursa Malaysia Launches API Gateway to Streamline Onboarding

By Nithya Subramanian | 28/05/2024

The new API Gateway will streamline onboarding and speed up CDS account opening, updating and reactivation.

AML / KYC

J5 Disseminates Risk Indicators Tied to Crypto Assets

By Editors | 24/05/2024

The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.

AML / KYC

Malaysia’s 1MDB Files Suit Against Top PetroSaudi Official

By Nithya Subramanian | 24/05/2024

The lawsuit seeks the return of $1.83bn, claiming 1MDB was misled into thinking King Abdullah owned a joint venture it invested in.