AML / KYC

AML / KYC

FCA Sets Out Expectations on Crypto Travel Rule Compliance

By Manesh Samtani | 18/08/2023

UK firms that receive a crypto transfer with incomplete information may block the beneficiary from accessing the crypto.

AML / KYC

NZ DIA Warns Money Remitters on Using Third-Party Accounts

By Sanday Chongo Kabange | 17/08/2023

Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.

AML / KYC

Ex-Sembcorp Marine Exec Charged in Singapore for Corruption Offences

By Editors | 17/08/2023

The former executive obtained or attempted to obtain bribes totalling more than SGD 202,000 over six years, the CPIB said.

AML / KYC

Korea to Crack Down on Financial Crime Involving Capital Markets

By Editors | 16/08/2023

The FSS and National Office of Investigation have signed an MoU to strengthen cooperation on illegal activities in the capital market.

AML / KYC

Singapore Police Arrests 10 Foreigners for Forgery, Money Laundering

By Manesh Samtani | 16/08/2023

The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.

AML / KYC

Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch

By Editors | 15/08/2023

Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.

AML / KYC

HKMA Fines EFG Bank Over AML Control Deficiencies

By Editors | 15/08/2023

The bank failed to complete identity verification for customers that were transferred in from another FI and had other issues related to CDD and ongoing monitoring.

AML / KYC

SEBI Streamlines KYC Process for Securities Market Onboarding

By Editors | 14/08/2023

SEBI directs KRAs to verify client information so that they gain portability, and clients to skip repetitive KYC steps with different intermediaries.

AML / KYC

SEBI Tightens Disclosure Requirements for FPIs

By Editors | 14/08/2023

FPIs are required to provide information on persons with ownership, economic interest or control in an FPI.