AML / KYC

AML / KYC

Hong Kong Police Launch New Anti-Fraud Search Engine

By Editors | 06/10/2022

Dubbed ‘Scameter’, the search engine allows members of the public to check information such as bank account numbers and email addresses for previous links to scams.

AML / KYC

European Council Adopts Eighth Russia Sanctions Package

By Editors | 06/10/2022

The package completely bans the provision of crypto wallets, accounts, or custody services to Russian nationals and entities, among other measures.

AML / KYC

Singapore Passes Amendments to Business Trusts Act

By Editors | 05/10/2022

Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.

AML / KYC

Basel AML Index: Progress in AML/CFT Remains “Paralysed”

By Editors | 05/10/2022

New Zealand, Australia, Taiwan and Singapore received the best ML/TF risk scores among APAC jurisdictions in the latest Basel AML Index.

AML / KYC

Australian Regulators Propose Measures to Address De-Banking

By Editors | 04/10/2022

A CFR policy paper provides four recommendations to address de‑banking of fintechs, crypto exchanges and remittance firms.

AML / KYC

The Sentry Calls for Action to Stop Kleptocracy Enablers

By Editors | 04/10/2022

New report offers recommendations to target bankers, lawyers, and accountants who provide advice and support to violent kleptocracies and corrupt networks.

Enforcement

Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme

By Editors | 03/10/2022

The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.

AML / KYC

FINRA Issues New Penalties Guidance for Rule Violations

By Editors | 03/10/2022

Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.

AML / KYC

US, UK, Canada, Australia Announce More Russia Sanctions

By Manesh Samtani | 03/10/2022

The sanctions are a response to Putin’s attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.