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AML / KYC
AML / KYC
Iraq Bars Eight Local Banks from Accessing US Dollars
By Editors | 06/02/2024
The move came days after a visit to Iraq by a top US official to discuss measures to protect the financial systems from criminal, corrupt and terrorist actors.
Fintech / Regtech
Singapore Strengthens Measures to Tackle AI Deepfakes
By Nithya Subramanian | 06/02/2024
Various government agencies and industry partners are working together to prevent the malicious use of deepfake technology.
ESG / Sustainability
UK Environment Agency Launches Economic Crime Unit
By Editors | 06/02/2024
The unit will boost the Environment Agency’s efforts to tackle money laundering and carry out financial investigations in the waste sector.
Sanctions
Iran Reported to Have Used UK Banks for Sanctions Evasion
By Editors | 06/02/2024
Iran allegedly used front companies in the UK to conceal real ownership and receive funds at accounts at two of the UK’s largest banks.
Enforcement
US Unseals Charges Against Iranian Oil Trafficking Network
By Editors | 05/02/2024
Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.
AML / KYC
Korea Passes Amendment to Address Account Coercion Scams
By Manesh Samtani | 05/02/2024
The amendment would make it easier for victims of account coercion scams to lift account suspensions more quickly.
Enforcement
HK, SG Take Down 139 Servers in INTERPOL Cybercrime Operation
By Editors | 05/02/2024
Operation Synergia, launched in response to the growing threat of transnational cybercrime, involved more than 50 participating countries.
AML / KYC
Telecom Breach Exposes Personal Information of 750 Million Indians
By Ajoy K Das | 05/02/2024
Billed as biggest ever leak of its kind, the breach has exposed names, mobile phone numbers, addresses and Aadhaar card numbers.
AML / KYC
Multinational Firm Scammed by Deepfake Tech in Hong Kong
By Editors | 05/02/2024
A finance worker was duped in a video call by a deepfake version of his company’s CFO to transfer HKD 200 million.
AML / KYC
Former Malaysian PM Receives Partial Royal Pardon
By Editors | 04/02/2024
Najib Razak was sentenced to jail and fined in 2020 over 1MDB-related corruption. His jail sentence was cut in half and his fine was reduced.
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