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AML / KYC
US Federal Court Declares Crypto Subject to Sanctions Laws
By Mark Johnston | 20/05/2022
A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.
Enforcement
RBNZ Finalises Guidelines on Enforcement Principles and Criteria
By Editors | 19/05/2022
The enforcement principles guide RBNZ’s investigation and enforcement strategy. The enforcement criteria help determine the appropriate enforcement response to non-compliance.
Enforcement
HK ICAC Charges Ex-Sunway Employee for Money Laundering
By Editors | 19/05/2022
A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.
Enforcement
ASIC Sets Out Expectations on Cyber Risk Management
By Mark Johnston | 19/05/2022
The guidance follows Australia’s first Federal Court judgment ruling that an AFS licensee breached its obligations on managing cyber risk.
AML / KYC
Philippines Passes Law to Enhance Financial Consumer Protections
By Sanday Chongo Kabange | 19/05/2022
The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.
AML / KYC
US Charges Crypto CEO for Fraudulent Investment Scheme
By Mark Johnston | 19/05/2022
Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.
Enforcement
Allianz to Pay $6bn to Settle Investor Fraud Cases
By Editors | 18/05/2022
Allianz Global Investors admitted that it violated the federal securities laws, and is disqualified from providing advisory services to US funds for ten years.
AML / KYC
NSW Ministers Working on New AML Laws – Report
By Editors | 17/05/2022
The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.
AML / KYC
HK Police Arrest 17 for Using Virtual Banks to Launder Money
By Editors | 16/05/2022
The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.
AML / KYC
Myanmar Govt Charges Ex-Central Bank Official with Corruption
By Editors | 16/05/2022
Former CBM deputy governor U Bo Bo Nge is being charged by the military government on allegations that caused losses to the government.
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