AML / KYC

AML / KYC

ACCC Raises Alarm Over Rising Fake Bond Scams

By Editors | 05/08/2022

Reported losses suffered by Australian victims of imposter bond scams increased by 265% to A$20mn in H1, compared to the same period last year.

Enforcement

More Senior Officials Fall Under Corruption Probes in China

By Darien Choong | 04/08/2022

Officials from the MIIT, CBIRC and PBOC have been named in a fresh round of corruption investigations.

AML / KYC

ECB Analyses Options for Enhancing Cross-Border Payments

By Manesh Samtani | 04/08/2022

Bitcoin and stablecoins are “unlikely” to be the “holy grail” of cross-border payments. Interlinked domestic payment systems and interoperable CBDCs show the most promise.

AML / KYC

New York State Regulator Penalises Robinhood Crypto Unit

By Editors | 04/08/2022

Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.

AML / KYC

US SEC Charges 11 Over Crypto Pyramid and Ponzi Scheme

By Editors | 04/08/2022

Forsage investors earned profits by recruiting others into the scheme, which used assets from new investors to pay earlier investors.

AML / KYC

DBS-led Hackathon to Tackle Fraud Challenges

By Editors | 04/08/2022

More than 100 law enforcers, lawyers, bank staff and other professionals have assembled into teams to brainstorm new solutions to stop scams.

AML / KYC

China Responds to US ‘Treachery’ With Taiwan Trade Curbs

By Editors | 04/08/2022

China has banned imports of citrus fruit, two types of fish, and food items from 107 Taiwanese brands. Exports of natural sand to Taiwan are banned.

AML / KYC

FFIS Takes Stock of AML & Fraud Data Sharing Platforms

By Editors | 03/08/2022

New paper covers 15 different private-private financial information sharing platforms across the US, UK, Singapore, the Netherlands, Switzerland, Estonia and Australia.

AML / KYC

Moscow Exchange Commences Trading in First Yuan Bonds

By Editors | 03/08/2022

Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.