AML / KYC

AML / KYC

US Agencies Call on Firms to Self-Disclose Sanctions Violations

By Editors | 27/07/2023

Self-reporting of sanctions and export controls violations make companies potentially eligible for “significant mitigation”.

AML / KYC

Australia: National Digital ID System Could Launch Within 12 Months

By Editors | 27/07/2023

Australia’s national digital ID system to revolutionise identity verification, streamline processes and enhance security.

AML / KYC

UK and Australia Illicit Financing Co-ordination Dialogue

By Editors | 27/07/2023

High-level dialogue between UK and Australia reaffirms commitment to combat illicit financing and corruption.

Enforcement

Korea Establishes Interagency Investigative Team for Crypto

By Manesh Samtani | 27/07/2023

Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.

AML / KYC

ESMA Withdraws Recognition Decisions for UAE CCPs

By Editors | 26/07/2023

The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

AML / KYC

Germany to Establish New Financial Intelligence Bureau

By Editors | 26/07/2023

The new Federal Bureau of Financial Intelligence will introduce a new investigations procedure and offer specialised AML training courses.

AML / KYC

Court Ruling Requires PayPal to Comply With AML Laws in India

By Editors | 25/07/2023

The court dismissed a monetary penalty previously imposed on PayPal for failure to comply with the reporting obligations under the PMLA.

AML / KYC

Thailand Launches Initiative to Fight Investment Fraud

By Ranamita Chakraborty | 25/07/2023

The Stock Exchange of Thailand along with the Thai capital market sector, business organisations and government agencies will work together to protect investors and the public from scams.

AML / KYC

Disgraced Former CSRC Official Has a New Job at PBOC – Report

By Editors | 25/07/2023

Former CSRC chief Liu Shiyu was previously punished for using his position and power to seek personal gains for others.