AML / KYC

    AML / KYC

    AFP Charges Australian Man in Money Mule Recruitment Case

    By Editors | 15/02/2021

    The man is accused of recruiting individuals to unwittingly serve as money mules to launder the proceeds of crime in return for a commission.

    AML / KYC

    RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions

    By Editors | 15/02/2021

    Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.

    AML / KYC

    Australian Court Jails Car Wash Owner for Money Laundering

    By Editors | 14/02/2021

    The man used express cash deposit facilities at Perth bank branches to help launder more than A$5.6mn for an alleged criminal syndicate.

    AML / KYC

    GLEIF Unveils Issuance, Infrastructure Models for Verifiable LEI

    By Editors | 12/02/2021

    The vLEI system will give legal entities the capacity to use non-repudiable identification data pertaining to their legal status, ownership structure and authorised representatives.

    AML / KYC

    Japan FSA to Roll Out New AML System in Fiscal 2021

    By Editors | 12/02/2021

    The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.

    AML / KYC

    CSRC Targets ‘Shadow Shareholders’ in New Guidelines

    By Editors | 12/02/2021

    A 36 month lock up period is being introduced for investors who purchase shares in companies within 12 months before their IPO applications.

    AML / KYC

    BSP Warns Banks Against Unlicensed Gaming Operators

    By Editors | 11/02/2021

    FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.

    AML / KYC

    US Imposes Sanctions Against Myanmar Military Leaders

    By Editors | 10/02/2021

    Joe Biden has approved a new executive order enabling the US to immediately sanction the military leaders who directed the 1 February coup in Myanmar.

    AML / KYC

    India’s NPCI Launches Payment Authorisation Tech Challenge

    By Editors | 10/02/2021

    Fintechs, solution providers and developers are invited to submit unique solutions that can simplify payment authorisations for the UPI.

    AML / KYC

    Philippine SEC Tightens Rules on Beneficial Ownership of Shares

    By Ranamita Chakraborty | 09/02/2021

    New guidelines will require the disclosure of the identity of the beneficial owners of shares and prohibit the issuance of bearer shares.

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