AML / KYC

AML / KYC

Real Estate Sector Vulnerable to BEC Threats: FinCEN

By Editors | 30/03/2023

FinCEN published a report on the patterns and trends of business email compromise scams targeting the real estate sector.

AML / KYC

Credit Suisse Violated 2014 Plea Deal with US DOJ

By Manesh Samtani | 30/03/2023

UBS could be forced to pay US authorities $1.3bn – the amount Credit Suisse had discounted from its 2014 plea deal.

AML / KYC

HKMA, SFC to Host Discussions Between Crypto Firms & Banks

By Editors | 30/03/2023

A roundtable will take place on 28 April at the HKMA to facilitate dialogue and experience sharing regarding opening and maintaining bank accounts.

AML / KYC

Five Banks Searched in French Tax Fraud Probe

By Editors | 29/03/2023

Four major French banks and a foreign bank were targeted by simultaneous searches related to the so-called “Cum-Ex” tax scandal.

AML / KYC

EBA Drafts Amendments to AML Guidance to Account for Crypto Risks

By Mark Johnston | 29/03/2023

The amendments are part of efforts to implement MiCA, which is due to be voted on in April.

AML / KYC

New Roadmap Proposed to Boost Financial Inclusion in Trade

By Editors | 29/03/2023

The Roadmap identifies areas where coordinated action can make a significant impact, including through accelerated LEI adoption.

AML / KYC

FinCEN Issues Guidance on Reporting Beneficial Ownership

By Editors | 29/03/2023

The guidance is intended to help businesses understand new beneficial ownership information reporting requirements that come into effect on 1 January 2024.

AML / KYC

26 Countries Commit to Transparent Beneficial Ownership

By Manesh Samtani | 29/03/2023

The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.

AML / KYC

EU Lawmakers Agree New AML/CFT Rules

By Editors | 29/03/2023

Members of the European Parliament approved draft AML/CFT legislation, including plans for the new Anti-Money Laundering Authority.