AML / KYC

AML / KYC

BIS Suspends Russian Central Bank as UK Adds More Sanctions

By Manesh Samtani | 11/03/2022

UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.

AML / KYC

Singapore Court Imposes 9 Year Jail Sentence for IRAS Fraud

By Editors | 10/03/2022

230 companies, mostly dormant and shell companies, were used to submit 400 fraudulent applications claiming tax breaks.

AML / KYC

Philippine AMLC Extends Deadline for DNFBP AML Programmes

By Editors | 10/03/2022

The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.

AML / KYC

US President Calls for Comprehensive Approach to Digital Assets

By Editors | 10/03/2022

The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

AML / KYC

Russia Warns of “Swift” Response to US Energy Import Ban

By Manesh Samtani | 10/03/2022

EU adds 160 names to sanctions list, extends SWIFT ban to Belarus; New Zealand passes Russia Sanctions Bill. Fitch projects “imminent” sovereign default.

AML / KYC

US Ramps Up Russia Pressure With Energy Import Ban

By Manesh Samtani | 09/03/2022

Russian energy will no longer be accepted at US ports and will be phased out in the UK and EU. New sanctions imposed by APAC jurisdictions.

AML / KYC

Australia Sanctions More Russians Over Disinformation Campaign

By Editors | 08/03/2022

Australia’s sovereign wealth fund, Future Fund, is reportedly trying to divest AUD 200 million of holdings in Russian companies.

AML / KYC

Japan to Freeze More Russian Assets, Block More Exports

By Editors | 08/03/2022

Japan has added 32 Russian and Belarusian officials and oligarchs to its sanctions list and will freeze the assets of an additional four banks.

AML / KYC

US Lawmakers Ask HSBC to Justify HK Account Freezes

By Ranamita Chakraborty | 08/03/2022

A letter from a bipartisan group of US lawmakers asks HSBC to justify its actions to freeze the accounts of activists, independent media, and civic groups in Hong Kong.