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AML / KYC
Sanctions
US Treasury Official Calls for Expanded Tools to Target Crypto
By Manesh Samtani | 10/04/2024
Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.
Enforcement
Mossack Fonseca Trial Commences in Panama Over 2016 Document Leak
By Mark Johnston | 10/04/2024
The founders and other former representatives, lawyers and ex-employees of Mossack Fonseca face money laundering charges for a corruption scheme in Brazil.
AML / KYC
US Prepared to Sanction Chinese Banks That Aid Russian Military
By Editors | 09/04/2024
Janet Yellen said the US stands ready to act against “anything that involves aiding Russia’s military in their brutal war”.
AML / KYC
Malaysia Consults on Proposed Trust Companies Bill
By Editors | 09/04/2024
Since coming into force in 1949, Malaysia’s Trust Companies Act has only been reviewed once in 1973.
AML / KYC
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
By Manesh Samtani | 09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
AML / KYC
Indonesian President Signs Decree on FATF Membership
By Editors | 09/04/2024
The decree signing strengthens Indonesia’s commitment to participate in combating financial crime globally, said the head of the country’s FIU.
AML / KYC
Japan FSA Publishes Revised Version of AML/CFT FAQs
By Hiroshi Ozaki | 08/04/2024
The revisions were made to improve the sophistication of the risk-based approach and reduce prescriptive requirements.
AML / KYC
US, China Secure New Agreement to Cooperate on AML
By Editors | 07/04/2024
Janet Yellen said the US and China will share best practices and provide updates on the actions being taken to close loopholes.
Enforcement
Two Men Admit to Conspiracy to Export Aircraft Parts to Russia
By Editors | 05/04/2024
The two Russian nationals falsely claimed the parts were intended for countries other than Russia. US authorities stopped multiple shipments.
AML / KYC
Singapore Secures Second Conviction in Money Laundering Case
By Nithya Subramanian | 05/04/2024
Cypriot national Su Haijin, known for trying to escape from the police last August, agreed to forfeit about S$165mn in assets.
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