AML / KYC

AML / KYC

Spanish Police Chief Arrested Over Links to Criminal Gangs

By Nithya Subramanian | 13/11/2024

Óscar Sánchez Gil was until recently the head of the fraud and AML division of Spain’s national police force in Madrid.

AML / KYC

Australia’s AGD Issues Supplementary Submission on AML Amendment Bill

By Thisanka Siripala | 13/11/2024

The AGD responds to issues raised in submissions to the Senate Legal and Constitutional Affairs Legislation Committee on certain aspects of the Bill.

AML / KYC

China Approves Passage of Revised Anti-Money Laundering Law

By Manesh Samtani | 13/11/2024

The revised law takes effect on 1 January 2025, strengthening FIs’ AML obligations, increasing penalties for breaches, and enabling China to introduce its own high-risk country list.

AML / KYC

Vietnam: SBV to Establish New Anti-Money Laundering Department

By Editors | 12/11/2024

The new department is part of amendments to the functions, missions, authority and organisational structure of the State Bank of Vietnam.

AML / KYC

Asian FinTech Associations Sign MoU on Anti-fraud Collaboration

By Editors | 12/11/2024

14 Asian FinTech associations signed an MoU last week at an event hosted in Taiwan to enhance collaborations in anti-fraud.

AML / KYC

Singapore Introduces Bill to Give Police Additional Anti-Scam Powers

By Nithya Subramanian | 12/11/2024

The bill will allow the police to impose restrictions on individuals’ bank accounts and credit access if necessary to protect them from scams.

AML / KYC

Korea Introducing New Disclosure Rules to Prevent Embezzlement

By Editors | 12/11/2024

Listed companies and large unlisted companies will have to make annual disclosures on the control measures they use to prevent and detect misappropriation of funds.

AML / KYC

AUSTRAC Launches New System for Enrolment, Registration and Reporting

By Sanday Chongo Kabange | 12/11/2024

AUSTRAC says the new online portal makes it easier and faster to enrol or register a new business and to meet AML/CTF obligations.

AML / KYC

UK Issues Guidance on ‘Failure to Prevent Fraud’ Offence

By Thisanka Siripala | 11/11/2024

The guidance aims to help organisations implement a fraud prevention framework ahead of the ‘failure to prevent fraud’ offence coming into force on 1 September 2025.