AML / KYC

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    Sanctions

    Iran Reported to Have Used UK Banks for Sanctions Evasion

    By Editors | 06/02/2024

    Iran allegedly used front companies in the UK to conceal real ownership and receive funds at accounts at two of the UK’s largest banks.

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    Enforcement

    US Unseals Charges Against Iranian Oil Trafficking Network

    By Editors | 05/02/2024

    Nine individuals were charged over the illicit sale of Iranian oil to government-linked buyers in Russia, Syria and China.

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    AML / KYC

    Korea Passes Amendment to Address Account Coercion Scams

    By Manesh Samtani | 05/02/2024

    The amendment would make it easier for victims of account coercion scams to lift account suspensions more quickly.

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    Enforcement

    HK, SG Take Down 139 Servers in INTERPOL Cybercrime Operation

    By Editors | 05/02/2024

    Operation Synergia, launched in response to the growing threat of transnational cybercrime, involved more than 50 participating countries.

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    AML / KYC

    Telecom Breach Exposes Personal Information of 750 Million Indians

    By Ajoy K Das | 05/02/2024

    Billed as biggest ever leak of its kind, the breach has exposed names, mobile phone numbers, addresses and Aadhaar card numbers.

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    AML / KYC

    Multinational Firm Scammed by Deepfake Tech in Hong Kong

    By Editors | 05/02/2024

    A finance worker was duped in a video call by a deepfake version of his company’s CFO to transfer HKD 200 million.

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    AML / KYC

    Former Malaysian PM Receives Partial Royal Pardon

    By Editors | 04/02/2024

    Najib Razak was sentenced to jail and fined in 2020 over 1MDB-related corruption. His jail sentence was cut in half and his fine was reduced.

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    AML / KYC

    US DOJ Unseals More Charges in BTC-e Case

    By Editors | 03/02/2024

    Aliaksandr Klimenka faces 25 years in prison for operating unlicensed money services business and laundering criminal proceeds.

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    Enforcement

    US OCC Fines RBC’s US Unit Over Risk Management Deficiencies

    By Editors | 03/02/2024

    A cease-and-desist order requires the bank to take “broad and comprehensive corrective actions” to improve its strategic planning and internal controls.

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    Enforcement

    Taiwan: FSC Fines Taichung Bank Following Arrest of Chairman

    By Editors | 03/02/2024

    The bank’s chairman was detained for allegedly embezzling TWD 1 billion and later released on bail, with restrictions.

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