AML / KYC

Interpol Published Second-ever ‘Silver Notice’ at UK’s Request

By Manesh Samtani | 16/04/2025

The Silver Notice was issued to pinpoint assets held internationally by a man convicted for running a GBP 8.5 million conveyancing fraud.

Enforcement

Bangladesh Issues Arrest Warrant for Senior UK Politician

By Nithya Subramanian | 16/04/2025

Former UK Treasury minister Tulip Siddiq is wanted as part of a sweeping anti-corruption investigation.

Crypto / Digital Assets

Apple Blocks 14 Crypto Exchanges from App Store in Korea

By Nithya Subramanian | 15/04/2025

The move comes weeks after a similar action by Google, in response to requests from KoFIU.

AML / KYC

Westpac NZ to Pilot New ‘Basic’ Bank Account Service

By Sanday Chongo Kabange | 15/04/2025

A basic bank account was one of the 2023 recommendations of a 14-month competition study by the Commerce Commission.

AML / KYC

Singapore Jails Man for Laundering Chinese Funds with USDT

By Nithya Subramanian | 15/04/2025

The scheme involved using cash from China-issued bank cards to purchase gold in Singapore which was subsequently converted to USDT.

AML / KYC

Australia Tackles Illicit Funds in A$11 Trillion Real Estate Market

By Nathan Lynch | 15/04/2025

AUSTRAC is preparing to use its new enforcement powers to combat illicit funds flowing through the booming real estate market, writes Nathan Lynch.

AML / KYC

HKMA Directs SVF Licensees to Implement Anti-Scam Measures

By Sanday Chongo Kabange | 15/04/2025

SVF licensees are directed to use the measures set out in a December 2024 circular initially intended for authorised institutions.

AML / KYC

UK Using Quantum Tech to Combat Fraud, Money Laundering

By Manesh Samtani | 15/04/2025

Quantum computing is being used to tackle fraud. HSBC is working to find ways it can be used to identify indicators of money laundering.

AML / KYC

HKMA Unveils New Measures to Bolster E-Banking Security

By Sanday Chongo Kabange | 15/04/2025

Banks must empower customers to adopt bound devices instead of SMS OTPs and deactivate higher risk e-banking functions.

AML / KYC

Thailand Unveils Measures to Combat Digital Asset Mule Accounts

By Manesh Samtani | 15/04/2025

Digital asset businesses will be obligated to exchange information, screen, and suspend transactions or accounts linked to technology-related crimes

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