AML / KYC

AML / KYC

APG Issues 2022 Annual Typologies Report

By Manesh Samtani | 18/08/2022

The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.

AML / KYC

Singapore Proposes Mandatory SMS Sender Registration to Combat Scams

By Darien Choong | 18/08/2022

IMDA proposes a transition period from October until the end of this year to give organisations time to register their sender IDs.

Crypto / Digital Assets

India Freezes Crypto Exchange Assets in Money Laundering Probe

By Mark Johnston | 18/08/2022

India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.

AML / KYC

China Sanctions Taiwanese Politicians Over Official US Visit

By Editors | 17/08/2022

China’s sanctions targets include Taiwan’s de facto ambassador to the US, five lawmakers and an activist.

AML / KYC

Moscow Reopens Bond Market to ‘Friendly’ Nations

By Manesh Samtani | 17/08/2022

Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.

AML / KYC

Three Associated with Tornado Cash Allegedly Arrested

By Manesh Samtani | 16/08/2022

Dutch authorities arrested a software developer of crypto mixer Tornado Cash last week. Two others were reportedly arrested in the US and Estonia.

Market Infrastructure

Malaysia Reassures Public After Data Breach at Payments Firm

By Editors | 15/08/2022

The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

AML / KYC

INTERPOL Launches Global Money Mule Awareness Campaign

By Editors | 15/08/2022

The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

AML / KYC

INTERPOL Calls for Urgent Action to Tackle Pollution Crime

By Sanday Chongo Kabange | 12/08/2022

Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.