AML / KYC

    image

    AML / KYC

    SEC Settles Charges Against Merrill Lynch for Failing to File SARs

    By Editors | 13/07/2023

    Merrill Lynch did not file hundreds of mandatory SARs because it erroneously used a $25,000 threshold instead of the required $5,000 threshold.

    image

    Crypto / Digital Assets

    Woori Bank Caught Up in Crypto-related Embezzlement Scandal

    By Sanday Chongo Kabange | 13/07/2023

    On of Woori Bank’s employees embezzled about KRW 90 million and used it for personal investments in crypto.

    image

    Fintech / Regtech

    Thailand Sets Up Central Fraud Registry

    By Karen Ng | 12/07/2023

    AI technology will be used, via the new registry, to help banks prevent suspicious accounts from completing fraudulent transactions.

    image

    AML / KYC

    EU Central Banks Making Progress in Money Laundering Fight

    By Ranamita Chakraborty | 12/07/2023

    The European Banking Authority (EBA) called upon EU central banks and financial regulators to do more to tackle money laundering/terrorist financing risk despite having made tangible progress through prudential supervision.

    image

    AML / KYC

    MAS, Cambodia Ink MOU for Financial Transparency Corridor

    By Karen Ng | 12/07/2023

    The MOU aims to to enhance financial transparency and promote trade and cross-border financial services for small and medium enterprises (SMEs).

    image

    AML / KYC

    Australia: Crown Casinos Ordered to Pay Record Breaking Penalty

    By Editors | 12/07/2023

    Crown will pay A$125mn now, A$125mn within a year, and the remaining A$200mn within two years for AML/CTF breaches.

    image

    AML / KYC

    India Increasingly Using CNY to Buy Russian Oil

    By Editors | 11/07/2023

    The relative ease with which Russia can accept yuan payments has led to adoption of the Chinese currency for some 10% of payments.

    image

    AML / KYC

    US Treasury Asks Hong Kong FIs to Help Prevent Export Control Evasion

    By Editors | 11/07/2023

    Treasury officials reportedly asked banks to help identify certain high-tech items being shipped to Russia via Hong Kong.

    image

    AML / KYC

    G7 Forms Joint Task Force to Tackle Corruption in Ukraine

    By Editors | 10/07/2023

    The G7 nations will collaborate on sharing information and devise strategic approaches to address Ukraine corruption-related challenges.

    image

    AML / KYC

    NAB Becomes First Aussie Bank to Remove Links From Text Messages

    By Sanday Chongo Kabange | 10/07/2023

    The move is one of 64 projects completed or underway across NAB to help address the “global scam epidemic”.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team