AML / KYC

AML / KYC

US Treasury Puts Russia on Path to Sovereign Default

By Manesh Samtani | 27/05/2022

The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.

AML / KYC

Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes

By Manesh Samtani | 26/05/2022

The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.

AML / KYC

Seoul Prosecutors Revive Specialised Financial Crime Team

By Editors | 24/05/2022

A joint investigations team that was disbanded in January 2020 has now been reinstated to respond to financial and securities crimes.

AML / KYC

Singapore Police Warns of Banking-related Phishing Scams

By Editors | 24/05/2022

Phishing scams involving the impersonation of bank employees have increased from 149 cases in 2020 to 1,021 cases last year.

AML / KYC

US SEC Fines Wells Fargo Advisors $7m for AML Failures

By Editors | 24/05/2022

Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.

AML / KYC

G7 Urges FSB to Swiftly Develop Regulations for Crypto

By Manesh Samtani | 22/05/2022

FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.

AML / KYC

Crypto Firms Launch Scam Reporting Platform: Chainabuse

By Editors | 22/05/2022

Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.

AML / KYC

Fugitive Former Banker from Bangladesh Arrested in India

By Editors | 22/05/2022

PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

AML / KYC

Australia: FSC Calls for Measures to Stop Online Scam Ads

By Editors | 22/05/2022

The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.