AML / KYC

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    Fintech / Regtech

    US DOJ Launches New Section to Focus on Cyber Threats

    By Mark Johnston | 23/06/2023

    The new section will focus national security cyber threats, such as state-sponsored hackers, cybercriminals, and money launderers.

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    AML / KYC

    Senate Committee to Investigate Perth Mint’s AML Compliance

    By Editors | 22/06/2023

    The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.

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    AML / KYC

    China CCDI Analyses Corruption Cases at China Development Bank

    By Editors | 22/06/2023

    CCDI attributed CDB’s corruption problem to a lack of self-discipline among its leaders, inadequate internal governance and control, and a “backward” corporate culture.

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    Enforcement

    MAS Fines Three Banks and an Insurer for AML Breaches

    By Karen Ng | 22/06/2023

    The institutions had “inadequate AML/CFT controls in place” when they dealt with persons who were involved in Wirecard-related transactions.

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    Enforcement

    US DOJ Charges Russian Hacker for LockBit Ransomware Attacks

    By Mark Johnston | 22/06/2023

    Ruslan Astamirov is the third person to be charged over the LockBit ransomware variant. A global cybersecurity advisory has also been issued.

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    Crypto / Digital Assets

    Cuscal Introduces New Requirements for Crypto Firms in Australia

    By Ranamita Chakraborty | 22/06/2023

    Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.

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    Enforcement

    Ex-PBOC Deputy Governor Arrested on Bribery Suspicions

    By Editors | 22/06/2023

    Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.

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    AML / KYC

    Indonesia OJK Issues New AML/CFT/CPF Regulations

    By Sanday Chongo Kabange | 22/06/2023

    OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.

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    AML / KYC

    AMLC Sheds Light on Terrorism Financing Threats Facing Philippines

    By Editors | 21/06/2023

    New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.

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    AML / KYC

    Taiwan Launches Action Plan to Boost Anti-Fraud Effort

    By Editors | 21/06/2023

    The action plan includes measures to identify, block, prevent and punish fraud, and improve seizure and recovery practices.

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