AML / KYC

Crypto / Digital Assets

FBI Calls on DeFi Platforms to Bolster Safeguards Against Theft

By Editors | 04/09/2022

DeFi platforms are asked to institute real time analytics, monitoring, rigorous code testing, and incident response plans.

AML / KYC

Malaysian Court Convicts Wife of Najib Razak for Corruption

By Editors | 01/09/2022

Rosmah Mansor was convicted for taking bribes from a contractor in exchange for a government project to supply solar energy to rural schools.

AML / KYC

Iran Passes Law Authorising Use of Crypto for Imports

By Editors | 01/09/2022

The new law formally allows government and local businesses to use cryptocurrencies as payment for imports.

AML / KYC

MAS Fines UOBKH for Business Conduct, AML Failures

By Editors | 31/08/2022

UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.

AML / KYC

Indian Banks Inconsistently Reporting Fraud Incidents to Regulator

By Editors | 31/08/2022

Kotak Mahindra Bank suggests such digital frauds are not being reported by other banks, making its own figures look disproportionately higher.

AML / KYC

Chinese Police Arrest 234 Suspects for Henan Bank Fraud

By Editors | 31/08/2022

Authorities say they have made “significant progress” in recovering the stolen money and have also started repaying more victims of the fraud.

AML / KYC

AUSTRAC Orders AML Audit at The Perth Mint

By Manesh Samtani | 31/08/2022

Earlier reports suggest the audit could be related to Perth Mint’s previous relationship with Euro Pacific Bank, which was forced to close in Puerto Rico earlier this year.

AML / KYC

HKMA Warns of Deposit Scams Being Used by Fraudsters

By Editors | 30/08/2022

Fraudsters claiming to be financial advisors are soliciting deposits in unknown foreign banks by promising high deposit rates.

AML / KYC

Philippine Banks, Telecom Partner to Combat Cybercrime, Fraud

By Editors | 30/08/2022

BAP member banks and Globe Telecom will share data and intelligence to help counter cybercrime and fraud threats.