AML / KYC

AML / KYC

Bangladesh Authorities Demand UK Minister’s Financial Records

By Nithya Subramanian | 14/01/2025

BFIU is investigating whether UK minister Tulip Siddiq was involved in siphoning funds from Bangladesh through her links to ousted Prime Minister Sheikh Hasina.

AML / KYC

AUSTRAC Gains Expanded Powers Under Amended AML/CTF Act

By Sanday Chongo Kabange | 14/01/2025

Law firm Corrs Chambers Westgarth said the new powers, and the speed with which they have taken effect, could indicate that AUSTRAC will pursue individuals more actively

AML / KYC

US Gives Estonia $50m for its Help in Danske Bank Case

By Nithya Subramanian | 13/01/2025

Estonia will use the funds to combat financial crime, enhance asset recovery, and provide specialised training across the Baltic States and Nordic region

AML / KYC

Interpol Published First-ever ‘Silver Notice’ at Italy’s Request

By Thisanka Siripala | 13/01/2025

The Silver Notice seeks information from Interpol member countries on the assets belonging to a senior member of the mafia

AML / KYC

DARPA’s Considers Research Programme to ‘Revolutionise’ AML

By Editors | 12/01/2025

The proposed research programme aims to “eliminate global money laundering” by replacing manual practices with “agile, algorithmic methods”

AML / KYC

Philippine AMLC Issues New Transaction Reporting Guidelines

By Sanday Chongo Kabange | 12/01/2025

The AMLC says the guidelines, to be adopted in phases, are intended to help covered persons carry out one of their “primary duties”

AML / KYC

Japan to Enhance Information Sharing on Illegally Used Bank Accounts

By Manesh Samtani | 10/01/2025

Mizuho, MUFG Bank, SMBC, Resona Bank, Joyo Bank, and Bank of Nagoya are participating in a JBA-led study group to develop a new information-sharing framework

AML / KYC

Rescue of Chinese Actor Turns Spotlight to Myanmar Scam Compounds

By Manesh Samtani | 10/01/2025

The actor was lured to Thailand by a promise of a job casting before being taken to Myanmar and put to work in a scam compound

Enforcement

US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui

By Mark Johnston | 09/01/2025

Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.