AML / KYC

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    Enforcement

    US Grand Jury Indicts Three Russians Who Operated Crypto Mixers

    By Manesh Samtani | 14/01/2025

    The defendants operated Blender.io and Sinbad.io, which were used to launder funds stolen from victims of ransomware, virtual currency thefts, and other crimes.

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    AML / KYC

    HKAB Updates AML/CFT FAQs to Align with Revised AMLO

    By Sanday Chongo Kabange | 14/01/2025

    The updated FAQs align with the AMLO amendments that came into force last year and provide additional guidance on dual-use goods.

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    Crypto / Digital Assets

    Crypto Exchange Bybit Suspends Services in India

    By Mark Johnston | 14/01/2025

    Bybit temporarily suspended its trading and account registration services in India until it secures registration with FIU-IND

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    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.

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    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

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    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

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    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

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    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”

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    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”

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    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

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