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AML / KYC
AUSTRAC Releases First Proliferation Financing Risk Assessment
By Manesh Samtani | 15/12/2022
Australia is vulnerable due to lack of reporting requirements for DNFBPs and poor transparency of companies, trusts, and beneficial ownership.
AML / KYC
GLEIF Confirms Utility of Embedding LEI in eSeals
By Editors | 14/12/2022
In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.
AML / KYC
Wirecard Trial Begins With Defendants Blaming Each Other
By Mark Johnston | 14/12/2022
Former CEO Markus Braun and his co-defendants face up to 15 years in jail, though a verdict is not expected until at least 2024.
AML / KYC
FTX Founder Arrested, Charged by SEC, SDNY, CFTC
By Sanday Chongo Kabange | 14/12/2022
US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.
AML / KYC
UK Police Arrest Chinese Tycoon on US Bribery Charges
By Editors | 14/12/2022
The co-chairman of Chinese real estate firm Guangzhou R&F Properties is accused of paying bribes to San Francisco authorities from 2015 through 2020.
AML / KYC
UK FCA Fines Santander for “Persistent Gaps” in AML Controls
By Editors | 13/12/2022
The FCA said Santander did not manage business banking accounts correctly and did not promptly deal with automated monitoring alerts.
AML / KYC
SFC Announces 20 March 2023 Launch Date for HKIDR
By Editors | 13/12/2022
The SFC has decided to “provide more time for the industry’s preparation” and has announced a 20 March 2023 launch date for the HKIDR.
AML / KYC
ASIC Commences Proceedings Against Star Entertainment Execs
By Editors | 13/12/2022
ASIC says Star board members and key executives breached their duties by failing to address known money laundering risks.
AML / KYC
Chinese Police Arrest 63 Members of Crypto Money Laundering Gang
By Editors | 13/12/2022
The gang is estimated to have laundered up to CNY 12 billion for both domestic and foreign criminal groups using cryptocurrency.
AML / KYC
EU Council Agrees Position on AML/CFT Reform Package
By Manesh Samtani | 11/12/2022
The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.
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