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AML / KYC
Enforcement
Law Enforcement Agencies to Boost Data Sharing: INTERPOL
By Mark Johnston | 29/04/2024
Delegates at INTERPOL’s Heads of NCBs conference identified initiatives to encourage greater operational sharing of criminal data.
AML / KYC
Message Encryption In Focus for Indian, European Authorities
By Editors | 29/04/2024
WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.
AML / KYC
China Seeks Feedback on Draft Revisions to AML Law
By Editors | 29/04/2024
The scope of the law is expanded to cover non-financial businesses and professions and formally adopt the concept of “beneficial ownership”, among other changes.
AML / KYC
RBI Plans to Allow Banks Autonomy to Freeze Suspicious Accounts
By Ajoy K Das | 29/04/2024
The RBI plans to allow banks to suspend suspicious accounts without having to wait for a police complaint to be registered.
AML / KYC
GCFFC Estimates Human Trafficking Proceeds at $498b for 2024
By Manesh Samtani | 28/04/2024
APAC has the most human trafficking victims compared to other regions, including in terms of forced criminality, forced marriages, and sexual exploitation.
AML / KYC
UK FCA Proposes Updates to Financial Crime Guide
By Editors | 28/04/2024
The updates cover regulatory expectations on sanctions, proliferation financing, transaction monitoring, and cryptoassets, among other areas.
AML / KYC
US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”
By Editors | 27/04/2024
Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.
AML / KYC
FSA Launches AML Probe into Tokyo’s Kiraboshi Bank
By Mark Johnston | 25/04/2024
The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.
Enforcement
Thai Police to Return $3.4m in Seized Assets to Crypto Fraud Victims
By Mark Johnston | 25/04/2024
The assets were confiscated from two gambling websites that were linked to a cryptocurrency fraud scheme; 23 suspects were arrested.
Enforcement
Singapore Court Sentences Money Mule to 10 Years Jail
By Nithya Subramanian | 25/04/2024
Muhammad Zahir Johana allowed his Singpass credentials to be used to open bank accounts that were used to receive scam proceeds.
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