AML / KYC

AML / KYC

Interpol Concludes Global Operation Targeting Wildlife & Timber Crime

By Editors | 05/12/2021

Customs, police, FIUs and wildlife and forestry enforcement agencies in 118 countries participated in the operation, which has led to hundreds of arrests and over 1,000 seizures.

Enforcement

Billionaire’s Arrest Signals China’s Intent to End Cross-Border Gambling

By Darien Choong | 05/12/2021

Suncity Group’s Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal “live web betting platform” in the Philippines, targetting customers in mainland China.

AML / KYC

EU Due Diligence Initiative Back in Focus After Delays

By ESG Investor | 01/12/2021

Much-postponed proposal now expected in December, following the unveiling of EU deforestation supply chain due diligence measures.

AML / KYC

Environmental Crime, A Global Security Issue

By Manesh Samtani | 01/12/2021

Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.

AML / KYC

Police Arrest 1,000 in Interpol Operation Targeting Online Fraud

By Ranamita Chakraborty | 01/12/2021

The operation was used to test a new worldwide stop-payment mechanism which Interpol plans to fully embed in police communication channels next year.

AML / KYC

AUSTRAC to Update Guidance on Reporting Cash Transactions

By Editors | 30/11/2021

A TTR will be required for each individual cash transaction of A$10,000 or more. Reporting entities will not need to combine transactions when submitting TTRs.

AML / KYC

HK ICAC Arrests Nine in Corruption Probe Involving Macau Firm

By Editors | 30/11/2021

CPAs and audit staff are suspected of accepting bribes to compile a false accountants’ report that was submitted to HKEX for a main board listing.

AML / KYC

SFC Issues Technical Guidance for New Reporting Regime

By Editors | 28/11/2021

A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.

AML / KYC

Australia Introduces Sanctions Reform Bill to Parliament

By Manesh Samtani | 28/11/2021

The bill allows targeted sanctions to be imposed to address themes such as gross human rights violations, malicious cyber activity and serious corruption.