AML / KYC

AML / KYC

CBA to Introduce New ‘NameCheck’ Scam Prevention Feature

By Editors | 06/02/2023

‘NameCheck’ will provide customers an indication of whether the name and account details they have entered in money transfers are correct.

AML / KYC

AFP Dismantles Chinese-Australian Money Laundering Syndicate

By Editors | 03/02/2023

Police seized over AUD 150 million in assets including crypto, and charged nine individuals including a NAB banker with money laundering.

AML / KYC

Transparency International Releases 2022 Corruption Perceptions Index

By Editors | 03/02/2023

Asia Pacific scored above the global average. New Zealand, Singapore, Hong Kong, Australia and Japan ranked in the top twenty.

AML / KYC

Singapore to Further Develop Financial Forensics Capabilities

By Editors | 03/02/2023

The Singapore Police Force and the Institute of Singapore Chartered Accountants will cooperate to advance the development of financial forensics in Singapore.

AML / KYC

UK Deadline Passes for Foreign Property Owners to Declare Identity

By Manesh Samtani | 02/02/2023

The register has so far established that various billionaire businessmen, political donors, criminals, and sanctioned individuals own UK property through offshore jurisdictions.

AML / KYC

UK Launches Consultation on Regulatory Framework for Crypto

By Manesh Samtani | 01/02/2023

The framework will require crypto exchanges to define token listing standards, strengthen rules for intermediaries and custodians, and introduce a crypto market abuse regime.

AML / KYC

HKMA Confirms Plans to Introduce Stablecoin Regulations

By Editors | 01/02/2023

Stablecoins must be fully backed, redemption at par must be available at all times, and issuers must be licenced. Algorithmic stablecoins will not be accepted.

AML / KYC

FINTRAC Issues Guidance on Detecting Illegal Wildlife Trade

By Editors | 01/02/2023

The guidance provides money laundering indicators based on analysis of approximately 200 STRs related to illegal wildlife trade between 2011 and 2022.

AML / KYC

Westpac Fined in Hong Kong Over Delayed Customer Reviews

By Editors | 31/01/2023

Out of 143 customers who were subject to periodic reviews between June 2016 and May 2017, there were delays in 121 customers – of which 58 were of high risk.