AML / KYC

AML / KYC

US Judge Splits Bankman-Fried Charges into Two Separate Trials

By Manesh Samtani | 16/06/2023

Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.

AML / KYC

India to Bring Lawyers Under AML Regime – Report

By Editors | 16/06/2023

Lawyers have reportedly expressed concerns that the plan would have an adverse impact on client attorney privilege.

Enforcement

HK Customs Arrests 23 Men for Money Laundering via Air Travel

By Mark Johnston | 16/06/2023

HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.

AML / KYC

UK Unveils Measures to Increase Corporate Accountability for Crime

By Editors | 16/06/2023

Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.

AML / KYC

US Lawmakers Introduce Bills to Increase FinCEN Accountability

By Editors | 15/06/2023

One of the bills will delay the effective date for the upcoming beneficial ownership information reporting requirements.

AML / KYC

Singapore Minister Calls for Global Cooperation on Scams

By Karen Ng | 15/06/2023

Minister of State Sun Xueling said every country needs to set up the equivalent of an Anti-Scam Command and participate in information sharing

AML / KYC

Experts Critical of FATF Effectiveness in Combating Kleptocracy

By Manesh Samtani | 14/06/2023

Panellists at a high-level conference expressed concern that countries with strong connections and clout received lenient treatment from the FATF.

AML / KYC

JPMorgan Agrees to Settle Epstein Lawsuit for $290m

By Editors | 13/06/2023

JPMorgan will not have to admit liability, but will have to issue a public statement saying it regrets its association with Epstein.

AML / KYC

India Accuses Xiaomi and Global Banks of Breaking FX Rules

By Karen Ng | 13/06/2023

Xiaomi India, Deutsche Bank, HSBC and Citibank are accused of illegally remitting $673mn to foreign entities.