AML / KYC

Malaysia Considers Lawsuit Against Goldman Sachs Over 1MDB

By Editors | 25/08/2023

Prime minister Anwar Ibrahim said as much as 68% of the 1MDB losses have been recovered, but that his administration is considering ways to recover more from Goldman.

AML / KYC

US Sanctions Tornado Cash Co-founder, Arrests Another

By Manesh Samtani | 24/08/2023

Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.

AML / KYC

Wolfsberg Group Responds to FATF Consultation on NPO Standards

By Sanday Chongo Kabange | 23/08/2023

It says NPOs should be required to conduct their own risk assessments and deploy risk-based controls similar to those used by correspondent banks.

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.

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