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AML / KYC
Enforcement
Seven FIUs Pledge to Collaborate Against Illegal Wildlife Trade
By Mark Johnston | 07/11/2023
The FIUs pledge to prevent, detect and disrupt financial activity linked to illegal wildlife trade.
AML / KYC
Taiwan Financial Adviser Suspected of Colluding with Fraud Syndicates
By Editors | 07/11/2023
A former financial adviser of DBS Taiwan reportedly caused $1.5mn of losses to clients through collusion with criminal gangs and fraud groups.
AML / KYC
Singapore to Monitor Money Laundering Risks from Crypto Exchange Applicants
By Nithya Subramanian | 06/11/2023
The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.
AML / KYC
Japanese Regional Banks Form Partnership on AML/CFT
By Editors | 05/11/2023
Three regional banks will use the same centralised service platform to perform AML/CFT operations.
AML / KYC
AUSTRAC Explains AML/CTF Considerations of Data Breaches
By Sanday Chongo Kabange | 05/11/2023
Regulated entities should review their risk assessments to ensure they reflect the increased ML/TF risks that could arise from a data breach.
AML / KYC
US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges
By Editors | 03/11/2023
Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.
AML / KYC
ASIC Shuts Off Access to 2,500 Scam and Phishing Websites
By Sanday Chongo Kabange | 03/11/2023
ASIC has a new website takedown service to remove or limit access to fraudulent and malicious websites on the internet.
Enforcement
Taiwan Arrests Suspects in Record Crypto Laundering Case
By Mark Johnston | 02/11/2023
A fake securities trading app was used to launder over USD 320 million via crypto in the largest case of its kind in Taiwan.
AML / KYC
AUSTRAC Establishes Operational Response To Israel-Gaza Conflict
By Sanday Chongo Kabange | 02/11/2023
AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the “important role” they play in stopping financial crime.
Enforcement
China Jails 21 for Laundering USDT from Online Fraud, Gambling
By Mark Johnston | 02/11/2023
A group of 21 people in China laundered criminal proceeds from online fraud and gambling activities using USDT.
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