AML / KYC

    AML / KYC

    ASIC Cautions Against Purchasing ‘Fake Green Bonds’

    By Editors | 21/05/2022

    ASIC says retail investors who are approached to invest in green bonds should ask their banks for help to check the legitimacy of the offer.

    AML / KYC

    US Federal Court Declares Crypto Subject to Sanctions Laws

    By Mark Johnston | 20/05/2022

    A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.

    AML / KYC

    US Warns Against Inadvertent Hiring of DPRK IT Workers

    By Editors | 19/05/2022

    North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.

    AML / KYC

    Philippines Passes Law to Enhance Financial Consumer Protections

    By Sanday Chongo Kabange | 19/05/2022

    The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.

    AML / KYC

    US Charges Crypto CEO for Fraudulent Investment Scheme

    By Mark Johnston | 19/05/2022

    Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

    AML / KYC

    US Warns Foreign Banks Against Facilitating Sanctions Evasion

    By Editors | 18/05/2022

    Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.

    AML / KYC

    US Treasury Outlines Plans to Combat Illicit Finance

    By Editors | 17/05/2022

    Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.

    AML / KYC

    NSW Ministers Working on New AML Laws – Report

    By Editors | 17/05/2022

    The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.

    AML / KYC

    HK Police Arrest 17 for Using Virtual Banks to Launder Money

    By Editors | 16/05/2022

    The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.

    AML / KYC

    Myanmar Govt Charges Ex-Central Bank Official with Corruption

    By Editors | 16/05/2022

    Former CBM deputy governor U Bo Bo Nge is being charged by the military government on allegations that caused losses to the government.

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