AML / KYC

AML / KYC

ACAMS, FAST Collaborate to Fight Modern Slavery, Human Trafficking

By Editors | 04/06/2020

A new ‘Fighting Modern Slavery and Human Trafficking’ certificate is being provided free-of-charge to financial sector actors.

AML / KYC

HKMA Offers Guidance on AML Controls for Remote Onboarding

By Manesh Samtani | 03/06/2020

The HKMA has published its observations of good practices used by authorised institutions to mitigate the potential risks of new technology adopted for remote onboarding.

AML / KYC

Bangladesh Bank Files New Civil Suit Over 2016 Cyber Theft

By Editors | 03/06/2020

Bangladesh Bank has filed a new civil suit against RCBC and other Philippine entities in New York State Court over the 2016 bank heist, after its Federal Court case was dismissed in March.

AML / KYC

US DOJ Unseals Indictment Against North Korea Money Launderers

By Editors | 03/06/2020

The indictment names 28 North Korean and 5 Chinese nationals who were charged for operating a network of over 250 shell companies around the world to procure goods for North Korea.

AML / KYC

Data, Technology Provide Remedy for Covid-related Financial Crime

By Editors | 01/06/2020

In a recent Bureau van Dijk webinar, industry experts examined how data, technology and AI can help mitigate the risk of criminals benefitting from the Covid-19 cash pump.

AML / KYC

Singapore Police Arrest Suspect in Covid-19 Money Laundering Case

By Editors | 01/06/2020

An overseas distribution company was defrauded of more than $646,000 for the purchase of N95 masks and personal protection gowns from a supposed supplier in Singapore.

AML / KYC

PBOC Fines BNP Paribas China Unit, Three Execs for AML Violations

By Editors | 01/06/2020

The bank and three executives were fined for failing to perform customer identification obligations and report large and suspicious transactions.

AML / KYC

Humanitarian Trade with North Korea: A Matter of Trust

By Eric A. Sohn | 28/05/2020

Eric A. Sohn at Dow Jones Risk & Compliance discusses what is needed for the US to agree to a mechanism for humanitarian trade with North Korea.

AML / KYC

Are Criminals Winning at Covid-19? Not Without a Fight

By Editors | 27/05/2020

Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.