AML / KYC

AML / KYC

FFIS Charts Growth of Public-Private Partnerships in New Report

By Manesh Samtani | 19/08/2020

Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.

AML / KYC

WWF, ACAMS Launch New Initiative Targeting Illegal Wildlife Trade

By Editors | 18/08/2020

The partnership seeks to bridge gaps in the financial systems that criminals exploit to move, hide and launder the proceeds of the illegal trade in wildlife.

AML / KYC

Risk and Reward: AI Enables Active Financial Crime Risk Assessment

By Daniel Banes | 18/08/2020

Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.

AML / KYC

Pakistan Legislature Progresses Five FATF-related Bills

By Editors | 18/08/2020

Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.

AML / KYC

UN Security Council Rejects Extension of Iran Arms Embargo

By Editors | 18/08/2020

The UN Security Council has rejected a US resolution to extend an international arms embargo on Iran due to expire on 18 October.

AML / KYC

Singapore Crypto Association Publishes Industry Code of Practice

By Editors | 17/08/2020

The code is accompanied by a practice guide providing regulatory guidance to facilitate payment services licence applications in Singapore.

AML / KYC

Indian Authorities Raid Chinese Entities Over Money Laundering Concerns

By Editors | 16/08/2020

Chinese shell companies and individuals and their Indian associates, including bankers and accountants, were allegedly involved in hawala and money laundering transactions.

AML / KYC

Wolfsberg Group Outlines Steps to AML/CTF Effectiveness

By Manesh Samtani | 13/08/2020

FIs should consider adopting technology such as AI and machine learning more widely. The Wolfsberg Group “strongly encourages” participation in PPPs.

AML / KYC

Australia Police Arrest Three on Money Laundering Charges

By Editors | 12/08/2020

Two of the men are accused of laundering tens of millions of dollars for an international money laundering organisation which includes several high-value targets of Australian law enforcement.