AML / KYC

Enforcement

Wirecard-related Charges Filed in Singapore, Philippines

By Editors | 18/08/2022

The charges in Singapore are for criminal breach of trust and money laundering. A bank official in the Philippines was indicted.

AML / KYC

SEC Charges 18 for Manipulation Using Hacked Trading Accounts

By Editors | 18/08/2022

The hackers broke into at least 31 US retail brokerage accounts to buy stock to drive up prices and exit their positions at artificially high prices.

AML / KYC

Philippine AMLC Tightens Requirements on DNFBPs

By Editors | 18/08/2022

Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.

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.