AML / KYC

    AML / KYC

    CBIRC Warns of Online Fraudsters Impersonating Regulators

    By Editors | 19/06/2022

    This is the fourth fraud risk warning issued by the CBIRC this year. Consumers are asked to remain vigilant and report fraud attempts.

    AML / KYC

    FATF Concludes Final Plenary Under German Presidency

    By Editors | 19/06/2022

    FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.

    AML / KYC

    EBA Finalises Guidance for AML/CFT Compliance Officers

    By Editors | 19/06/2022

    The guidelines comprehensively address, for the first time at the EU level, the whole AML/CFT governance set-up at financial institutions.

    AML / KYC

    SFC Fines China Everbright Securities for AML/CFT Violations

    By Editors | 16/06/2022

    Unrelated clients received deposits from the same third party within four days, and then used the funds to trade in the same stock.

    AML / KYC

    Singapore Trade Finance Registry to Go Live in Q4

    By Editors | 16/06/2022

    The Association of Banks in Singapore has selected MonetaGo and GUUD to deliver a registry that will prevent duplicate financing and fraud.

    AML / KYC

    UK OFSI Gets Stronger Powers to Punish Sanctions Breaches

    By Editors | 16/06/2022

    OFSI will no longer have to prove a person had knowledge or reasonable cause to suspect they were in breach of sanctions to impose a civil penalty.

    AML / KYC

    US, UK to Jointly Promote Privacy-Enhancing Tech for AML

    By Editors | 15/06/2022

    The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.

    AML / KYC

    Australian Federal Police Sets Sights on Italian Crime Groups

    By Editors | 15/06/2022

    Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.

    AML / KYC

    FATF Joins UN Counter-Terrorism Coordination Compact

    By Editors | 14/06/2022

    Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

    AML / KYC

    Russia Launches Blockchain-Based Alternative to SWIFT

    By Editors | 14/06/2022

    Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

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