AML / KYC

    AML / KYC

    FATF Concludes Second Plenary Under German Presidency

    By Manesh Samtani | 26/02/2021

    The FATF has finalised guidance on risk-based supervision, terrorist financing, and arms trafficking, as well as draft guidance on proliferation financing, and virtual assets.

    AML / KYC

    Singapore Police Set to Charge Suspect in Covid-19 Scam

    By Editors | 24/02/2021

    Last March, the suspect used the identity of a legitimate company to advertise and sell surgical masks and hand sanitisers that were never delivered.

    AML / KYC

    Financial Crime Challenges and Opportunities for the Year Ahead

    By Editors | 24/02/2021

    Financial crime compliance experts Radish Singh, Richard Carrick, Oonagh van den Berg and Michael Meadon discuss challenges and opportunities for the year ahead.

    AML / KYC

    Australian Police Charge Man for Crypto Related Money Laundering

    By Editors | 23/02/2021

    Police say the Sydney man directed “money launderers for hire” to convert nearly A$5.5mn of cash into bitcoin on his behalf.

    AML / KYC

    OJK to Require P2P Lenders to Report Transactions From 1 April

    By Editors | 23/02/2021

    The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.

    AML / KYC

    New Report Identifies 11 Indicators of Modern Slavery Risk

    By Editors | 22/02/2021

    Based on an analysis of globally prosecuted cases of modern slavery, FairSupply Analytics has identified 11 indicators to help FIs detect modern slavery.

    AML / KYC

    BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

    By Editors | 21/02/2021

    Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.

    AML / KYC

    US Prosecutors Unveils New Charges Against North Korean Hackers

    By Manesh Samtani | 21/02/2021

    Warrants have been issued for the arrest of the three programmers said to be involved in the Sony, WannaCry, Bangladesh Bank and other attacks.

    AML / KYC

    UK, Canada Impose Sanctions Against Myanmar Officials

    By Manesh Samtani | 21/02/2021

    Human Rights Watch is calling for economic sanctions, travel bans and asset freezes for leaders of Myanmar’s military, military business conglomerates and the new governing body.

    AML / KYC

    HK Banks Used to Launder Over HK$8bn in Scam Proceeds in 2020

    By Editors | 21/02/2021

    More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.

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