AML / KYC

India Tightens Rules on SIM Card Registration to Combat Fraud

By Editors | 22/08/2023

India’s one million SIM card dealers will have to undergo a mandatory verification and registration process within one year.

AML / KYC

China, Thailand, Myanmar, Laos Launch Joint Police Operation

By Editors | 22/08/2023

Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.

AML / KYC

PBOC Forms New AML Office With Beijing Procuratorate

By Editors | 21/08/2023

The new office will help to establish a coordinated investigation system to combat money laundering and improve the efficiency of fighting financial crime.

AML / KYC

Bangladesh’s Sonali Bank Freezes Accounts of Myanmar State Banks

By Editors | 18/08/2023

The move was made in response to direct requests from US authorities, who sanctioned two of Myanmar’s state-owned banks in June.

AML / KYC

Taiwan Sentences Corrupt Official to 8 Years in Prison

By Editors | 18/08/2023

The official committed property fraud, document forgery, money laundering, and accepted bribes in the form of cash, banquets and sexual entertainment.

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.

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