AML / KYC

AML / KYC

Australia Law Body Issues Guidance on AML

By Sanday Chongo Kabange | 01/07/2024

The guidance will safeguard  legal practitioners from being “unwittingly” misused by financial criminals.

Enforcement

US DOJ, Jho Low Reach Global Pact on 1MDB Asset Forfeiture: Report

By Nithya Subramanian | 01/07/2024

The agreement forever resolves the United States’ civil, criminal and administrative asset forfeiture actions of monies and assets traceable to 1MDB.

AML / KYC

FATF Adds Monaco, Venezuela to Grey List; Removes Two Others

By Manesh Samtani | 01/07/2024

The Plenary also adopted two new country assessments and approved five priorities for the incoming Mexican Presidency.

AML / KYC

SEBI Seeking to Ease Access to Sovereign Bonds for FPIs

By Editors | 28/06/2024

SEBI is looking to eliminate many of its information requirements, such as disclosure of investor group and beneficial ownership.

Securities / Derivatives

SEBI Raises Threshold Limit for Basic Demat Accounts

By Editors | 28/06/2024

The higher threshold is aimed at encouraging small investors to trade in the stock market and ensure their financial inclusion.

AML / KYC

Taiwanese Singer Facing Prosecution Over JPEX Crypto Fraud

By Editors | 28/06/2024

Popular Taiwanese singer Nine Chen reportedly received 320,000 USDT to act as JPEX’s brand ambassador last year.

AML / KYC

Australia Introduces Legislation for SMS Sender ID Register

By Sanday Chongo Kabange | 27/06/2024

The new legislation allows for the establishment of an SMS Sender ID Register to help fight scams.

Sanctions

Iraq’s Al-Huda Bank Cut Off from US Financial System

By Editors | 27/06/2024

FinCEN rule identifies Al-Huda Bank as a “foreign financial institution of primary money laundering concern”.

AML / KYC

US DOJ to Recover Additional $100mn in 1MDB Case

By Nithya Subramanian | 27/06/2024

Jho Low will forfeit a luxury apartment in Paris and artworks by Andy Warhol and Claude Monet purchased for USD 35 million.