AML / KYC

AML / KYC

UK Economic Crime Bill to Include New ‘Failure to Prevent’ Offences

By Manesh Samtani | 31/01/2023

Failure to prevent fraud, false accounting, and money laundering will become new corporate criminal offences in the UK.

AML / KYC

Korea Justice Ministry to Start Tracking Crypto Transactions

By Editors | 31/01/2023

The “Virtual Currency Tracking System” will be launched as part of a new cloud system that will allow other agencies to leverage prosecutors’ investigative and forensics expertise.

AML / KYC

International Counter Ransomware Task Force Begins Operation

By Editors | 30/01/2023

Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.

AML / KYC

US, EU Authorities Take Down HIVE Ransomware Gang

By Editors | 30/01/2023

“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.

AML / KYC

FinCEN Warns of Sanctions Evasion in Commercial Real Estate

By Editors | 29/01/2023

New FinCEN alert lists potential red flags and typologies involving attempted sanctions evasion in the CRE sector by sanctioned Russians and their proxies.

Crypto / Digital Assets

FBI Confirms DPRK Hackers Behind $100m Horizon Bridge Crypto Theft

By Editors | 29/01/2023

The FBI was able to freeze a portion of the stolen funds, in coordination with some virtual asset service providers.

Fintech / Regtech

BOJ Examines Use of Privacy Enhancing Technologies for CBDC

By Mark Johnston | 29/01/2023

A CBDC could be supported by the use of privacy-enhancing technologies to anonymise data while still allowing for AML/CFT analysis, the BOJ says.

AML / KYC

German Prosecutors Search BNP Paribas Offices in Cum-Ex Probe

By Editors | 27/01/2023

The investigation also involves searches of private residences, focusing on 58 suspects who were or are professionally active for the bank.

AML / KYC

Ex-FBI Agent Charged for Money Laundering, Sanctions Violations

By Editors | 27/01/2023

The former FBI agent conspired with a former Russian diplomat to help Oleg Deripaska have his sanctions removed.