AML / KYC

AML / KYC

Australia Scraps Golden Visa Programme in Immigration Overhaul

By Editors | 24/01/2024

The programme is being scrapped after the government found it was “delivering poor economic outcomes” and had failed to meet its core objectives.

AML / KYC

Metaverse Tools Crucial in Fight Against Cryptocurrency Crime: INTERPOL

By Ranamita Chakraborty | 23/01/2024

Interpol’s white paper highlights blockchain forensics as a vital tool in combating Metacrimes linked to cryptocurrencies, including money laundering and fraud.

AML / KYC

HKMA Calls on Banks to Join SMS Sender Registration Scheme

By Editors | 23/01/2024

28 banks in Hong Kong have already registered, completed testing, and will begin using Sender IDs from 28 January 2024.

AML / KYC

Singapore Money Laundering Case Tops S$3bn in Assets

By Editors | 22/01/2024

Warrants of arrest and Interpol Red Notices have also been issued against two more Cambodian nationals for money laundering offences.

Enforcement

US Regulators Fine ICBC New York Branch for Regulatory Violations

By Editors | 22/01/2024

ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.

AML / KYC

EU Council, Parliament Reach Provisional Agreement on AMLD6

By Manesh Samtani | 18/01/2024

The scope of the AML rules is broadened to include cryptoassets, luxury goods, football clubs and golden visas. There is also an EU-wide cash payment limit of EUR 10,000.

Enforcement

Former VP of US Bank Pleads Guilty to AML Violations

By Mark Johnston | 18/01/2024

Peter McVey helped high-risk customers evade the bank’s AML controls, violating the Bank Secrecy Act.

AML / KYC

Cryptos Popular Among Money Launderers in SE Asia: UN Report

By Nithya Subramanian | 18/01/2024

Tether has emerged as a preferred choice for regional cyberfraud operations due to its stability and the ease, anonymity, and low fees of its transactions.

AML / KYC

EBA Issues Guidelines on ML/TF Risks Associated with CASPs

By Ranamita Chakraborty | 17/01/2024

The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.