AML / KYC

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    AML / KYC

    MAS, CAD Investigating Seatrium Over ‘Operation Car Wash’

    By Editors | 16/06/2024

    Seatrium disclosed that MAS and the Singapore police have requested further information for a joint investigation.

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    Crypto / Digital Assets

    Japan Regulator Issues Orders Against Crypto Firm CoinBest

    By Editors | 15/06/2024

    CoinBest’s IEO operations are suspended and the company is required to make improvements to its management, internal control and AML/CFT systems.

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    AML / KYC

    US Repatriates Additional $156mn in 1MDB Funds to Malaysia

    By Nithya Subramanian | 15/06/2024

    To date, the US DOJ has repatriated to Malaysia a total of $1.4bn that was misappropriated from 1MDB.

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    AML / KYC

    Singapore Govt Agencies to Use Common SMS Sender ID

    By Nithya Subramanian | 14/06/2024

    All government agencies in Singapore will use the same SMS Sender ID to safeguard the public against scams.

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    Enforcement

    HK ICAC Charges Asset Manager for Laundering HK$50m

    By Sanday Chongo Kabange | 14/06/2024

    The ICAC charged Xiao Rui, the owner of asset manager Augustine Holdings, for laundering HKD 50 million.

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    Crypto / Digital Assets

    Ghana, MAS Complete Cross-border Trade PoC Using CBDC

    By Nithya Subramanian | 14/06/2024

    Project DESFT demonstrated that the eCedi can facilitate the participation of MSMEs in international trade.

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    AML / KYC

    Singapore Private Bankers Took Kickbacks from Property Deals

    By Nithya Subramanian | 14/06/2024

    Some private bankers reportedly received 30-50% of the commission for introducing clients to property agents.

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    Crypto / Digital Assets

    Taiwan Crypto Industry Launches New “VASP Association”

    By Editors | 14/06/2024

    The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

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    AML / KYC

    Westpac Enhances Security Features to Protect Against Scams

    By Sanday Chongo Kabange | 13/06/2024

    Westpac’s Ben Young said the new security features will help individuals and small businesses identify potential scams before they have made a payment,

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    AML / KYC

    Singapore Authorities Tighten Scrutiny of Family Offices

    By Nithya Subramanian | 12/06/2024

    The annual forms for family offices with tax exemptions now ask for more details about beneficial owners and directors.

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