AML / KYC

AML / KYC

Germany to Establish New Agency to Fight Financial Crime

By Sanday Chongo Kabange | 02/04/2023

The ‘Federal Authority for Fighting Financial Crime” will absorb the functions of the FIU and also be responsible for enforcing international sanctions.

AML / KYC

Taiwan to Unveil New Anti-Fraud Measures Within One Month

By Editors | 01/04/2023

The Taiwan government has reportedly been seeking assistance from companies including Google and Meta to help combat online fraud.

AML / KYC

UK Court Allows Wirecard-related Fraud Suit to Proceed

By Editors | 31/03/2023

An Indian business was sold to a Mauritius-based fund in 2015, weeks before Wirecard bought the company for a price ten times higher.

AML / KYC

Taiwan FSC to Develop Regulatory Guidelines for Crypto Industry

By Editors | 31/03/2023

The guidelines will cover information disclosures, product listings, customer asset segregation, money laundering prevention, consumer protection, and information security, among other areas.

AML / KYC

UK Unveils New Plan to Tackle Economic Crime

By Sanday Chongo Kabange | 31/03/2023

The plan involves hiring 475 specialist investigators, investing in technology and data analytics, and establishing a new multi-agency crypto cell.

AML / KYC

Kuwait Court Sentences Defendants in 1MDB Case

By Editors | 31/03/2023

The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.

AML / KYC

ACCC Warns of Rising Bank Impersonation Scams in Australia

By Editors | 30/03/2023

Scammers can make their calls and texts appear as part of the same conversation thread as legitimate messages from a bank, the ACCC warns.

AML / KYC

Real Estate Sector Vulnerable to BEC Threats: FinCEN

By Editors | 30/03/2023

FinCEN published a report on the patterns and trends of business email compromise scams targeting the real estate sector.

AML / KYC

Credit Suisse Violated 2014 Plea Deal with US DOJ

By Manesh Samtani | 30/03/2023

UBS could be forced to pay US authorities $1.3bn – the amount Credit Suisse had discounted from its 2014 plea deal.