AML / KYC

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    AML / KYC

    Malaysia to Re-evaluate Goldman Settlement Over 1MDB

    By Editors | 19/04/2023

    The government believes the 2020 deal “was done hastily” and could have resulted in more public funds being recovered.

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    AML / KYC

    Chinese Court Sentences Ex-CDB Exec to 10 Years Jail

    By Editors | 18/04/2023

    The court found that Fu Xiaodong accepted bribes over 13 years while serving in senior positions at the China Development Bank.

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    AML / KYC

    UK Watchdog Faces Surge in AML Whistleblower Reports

    By Mark Johnston | 18/04/2023

    The UK FCA has received 141 reports from insiders who raised concerns about their firms’ AML controls in the past six years.

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    Enforcement

    Russian National Receives Light Sentence for Laundering Ransomware Proceeds

    By Mark Johnston | 18/04/2023

    Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.

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    Crypto / Digital Assets

    GDF Consults on Wolfsberg-style DDQ for VASPs

    By Editors | 18/04/2023

    The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.

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    AML / KYC

    GLEIF Maps LEIs to Records in OpenCorporates Database

    By Editors | 18/04/2023

    The mapping exercise will ensure the “highest quality reference data” is quickly and easily available to all, said GLEIF CEO Stephan Wolf.

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    AML / KYC

    New Singapore Bills Target Money Mules, Singpass Abuse

    By Manesh Samtani | 18/04/2023

    The MHA and SNDGO proposed amendments that will empower the police to prosecute money mules and those who sell and trade Singpass credentials.

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    AML / KYC

    Wolfsberg Group Issues Anti-Bribery & Corruption Guidance

    By Editors | 18/04/2023

    The Guidance is to help FIs develop and implement compliance programmes to prevent, detect, and report acts of bribery and corruption.

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    AML / KYC

    Australia Saw 80pc YoY Jump in Scam Losses in 2022

    By Editors | 18/04/2023

    Australians lost more to scams than ever before in 2022. Losses per victim rose by more than 50% to an average of almost A$20,000.

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    AML / KYC

    Australia Revisits ‘Tranche 2’ AML Reforms – Report

    By Editors | 17/04/2023

    The government is expected to settle its position on AML reforms this month that could cover the real estate, accounting and legal professions.

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