AML / KYC

AML / KYC

UPDATED – HK Police Charge 10 Suspects for Ramp-and-Dump Activities

By Editors | 06/04/2023

Four of the individuals are alleged to have conspired with some of the individuals who were charged last September to use nominee accounts to corner the shares of two target stocks.

Enforcement

UK Steel Traders Jailed for $500m Trade Finance Fraud

By Mark Johnston | 05/04/2023

Three senior executives of Balli Steel were sentenced to prison for using fake documents and contracts to obtain loans.

AML / KYC

ICAC Concludes First Training Day for Banks on Corruption Risk

By Sanday Chongo Kabange | 05/04/2023

Acting ICAC Commissioner Ricky Yau said the training programme is aimed at enhancing banking sector standards on preventing corruption risk.

AML / KYC

China Deepens Financial Sector Corruption Crackdown

By Editors | 05/04/2023

Officials told bankers they should learn lessons from Bank of China chairman Liu Liange, who was recently placed under investigation.

AML / KYC

Australia Introduces AML/CTF Amendment Bill to Parliament

By Editors | 04/04/2023

The amendments will strengthen and modernise aspects of Australia’s AML/CTF regime, and assist AUSTRAC in fulfilling its functions.

AML / KYC

KoFIU Shares Findings from On-site Inspections at VASPs

By Editors | 04/04/2023

KoFIU issued reprimands, cautions and KRW 490 million in fines against five crypto exchanges, executives and employees.

AML / KYC

Germany to Establish New Agency to Fight Financial Crime

By Sanday Chongo Kabange | 02/04/2023

The ‘Federal Authority for Fighting Financial Crime” will absorb the functions of the FIU and also be responsible for enforcing international sanctions.

AML / KYC

Taiwan to Unveil New Anti-Fraud Measures Within One Month

By Editors | 01/04/2023

The Taiwan government has reportedly been seeking assistance from companies including Google and Meta to help combat online fraud.

AML / KYC

UK Court Allows Wirecard-related Fraud Suit to Proceed

By Editors | 31/03/2023

An Indian business was sold to a Mauritius-based fund in 2015, weeks before Wirecard bought the company for a price ten times higher.