AML / KYC

AML / KYC

HK Customs Announces Disciplinary Actions Against Four MSOs

By Editors | 06/09/2024

The MSOs failed to keep records of remittance transactions and to identify beneficial owners and PEPs, among other breaches of AML/CTF requirements.

Enforcement

US Charges Six Hamas Leaders for Terrorism, Sanctions Evasion

By Editors | 06/09/2024

The DOJ said Hamas crypto fundraising efforts caused US persons to engage in transactions that violated US sanctions regulations.

Crypto / Digital Assets

North Korean Cyber Actors Targeting Crypto ETFs, FBI Warns

By Nithya Subramanian | 05/09/2024

The FBI has issued an advisory warning of advanced social engineering tactics being used by North Korean hackers to steal crypto assets.

Sanctions

US Sanctions Russian Individuals, Entities for Election Interference

By Editors | 05/09/2024

The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.

AML / KYC

Indonesia Captures Former Philippine Mayor Charged for Money Laundering

By Editors | 05/09/2024

The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.

AML / KYC

Indonesia Blocks Online Gamblers from Accessing Financial Services

By Nithya Subramanian | 03/09/2024

Over 6,000 accounts have been blocked to prevent online gamblers from accessing financial services and “create a deterrent effect”.

AML / KYC

Singapore Proposes Law to Empower Police to Stop Scams

By Nithya Subramanian | 03/09/2024

The proposed law will allow police to restrict banking transactions for victims who refuse to believe they are being scammed.

AML / KYC

New Zealand to Introduce AML Amendment Bill in November

By Sanday Chongo Kabange | 03/09/2024

A new cabinet paper sets out 25 proposals for further amendments to New Zealand’s AML/CFT Act.

Enforcement

SFC Imposes Lifetime Ban on Former UBS Associate Director

By Sanday Chongo Kabange | 03/09/2024

The former associate director was banned for life following his conviction for laundering $1.8mn that he stole from UBS.