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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.
Market Infrastructure
Malaysia Reassures Public After Data Breach at Payments Firm
By Editors | 15/08/2022
The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.
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