AML / KYC

Big Picture

Why Vigilance is Crucial in Compliance

By Ranamita Chakraborty | 02/11/2023

WRISE group head of risk and compliance and former police officer Gaven Koh discusses the need for heightened vigilance amid Singapore’s biggest money laundering scandal

AML / KYC

India Tightens Beneficial Interest Disclosure Rules for LLPs

By Ajoy K Das | 01/11/2023

The disclosures will ensure transparency of the identity of the ultimate person behind the LLPs including related party transactions.

AML / KYC

FATF Consults on Amendments to Recommendation 25 Guidance

By Editors | 01/11/2023

The guidance will support implementation of the revised Recommendation 25, to help address risks from trusts or similar legal arrangements.

AML / KYC

FATF Issues Report on Crowdfunding for Terrorism Financing

By Editors | 01/11/2023

The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.

AML / KYC

Japan Joins US in Sanctioning Hamas Fundraisers

By Editors | 31/10/2023

Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.

AML / KYC

Elliptic Corrects Media and US Senator over Reporting on Hamas Crypto Funding

By Editors | 31/10/2023

Blockchain analytics firm says the WSJ and Senator Elizabeth Warren misrepresented its research in overstating the funding Hamas received through cryptocurrency.

AML / KYC

OCBC Stops Using SMS as Default Notification Method

By Editors | 30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

AML / KYC

ESMA Forced to Pause Withdrawal of UAE CCP Recognition

By Editors | 30/10/2023

ESMA’s decision to withdraw its recognition of the Dubai Commodities Clearing Corporation is effectively suspended.

AML / KYC

FATF Adds Bulgaria to Grey List, Removes Four Others

By Manesh Samtani | 30/10/2023

The FATF also agreed to revise its asset recovery and NPO-related recommendations, besides publishing three new reports.