AML / KYC

AML / KYC

Australia a ‘Laggard on the World Stage’, Senate AML Inquiry Finds

By Manesh Samtani | 31/03/2022

Senate committee warns that the government’s failure to bring lawyers, accountants and real estate professionals into the AML/CFT regime is harming Australians.

AML / KYC

Taiwan Central Bank Warns of Fraud Via Bitcoin ATMs

By Darien Choong | 31/03/2022

Bitcoin ATMs in Taiwan are being used to scam victims who attempt to transfer cash to specific accounts to purchase cryptoassets.

Enforcement

Singapore Police, Banks Step Up Scam Intervention Efforts

By Editors | 31/03/2022

In a four-day operation last week, the police and five banks intervened in 150 scam cases, which resulted in the arrests of 35 individuals.

AML / KYC

Japan to Tighten Russia Sanctions, G7 Rejects Ruble Option

By Manesh Samtani | 30/03/2022

Japan to impose new requirements on crypto exchanges. G7 rejects Russian demand for gas payments in rubles. US to help EU reduce dependence on Russian energy.

AML / KYC

US Lawmakers Probe Credit Suisse Russia Business

By Editors | 30/03/2022

The lawmakers are concerned that Credit Suisse may be concealing information about sanctions evasion by Russian oligarchs.

AML / KYC

Wolfsberg Group Issues Guidance on Managing Customer Risk

By Manesh Samtani | 29/03/2022

FIs should consider building “more holistic” customer profiles, using additional identity attributes and ensuring they are alerted to changes in data points.

AML / KYC

GLEIF to Include Organisational Role Information in vLEI

By Editors | 29/03/2022

GLEIF says the new ISO 5009 standard facilitates a universal approach for including official organisational role information in digital ID credentials.

Enforcement

Singapore Jails Nominee Director for Facilitating Illicit Activities

By Editors | 29/03/2022

The director of corporate service provider 3E Accounting served as local resident director of four companies whose bank accounts were used to receive criminal proceeds.

AML / KYC

US, Australia Impose Sanctions Over DPRK Missile Tests

By Manesh Samtani | 28/03/2022

The sanctions were imposed against Russian and North Korean entities and individuals over missile tests on 27 February, 5 March and 24 March.