AML / KYC

More than 15 million crypto addresses have been linked to criminal activity with a nexus in Russia, a new GDF report says.

Peter Schiff's Euro Pacific Bank was forced to close over capital shortfall and regulatory violations. The bank has been at the centre of a global tax evasion probe.

The AMLA will directly supervise certain types of credit and financial institutions, including crypto asset service providers, starting in 2026.

Last week, the UK Parliament's Foreign Affairs Committee published a report calling on the government to "act now" to tackle the flow of illicit finance through London.

The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.

The first publication covers the DIA's approach to regulating AML/CFT. The second outlines how the DIA uses its compliance and enforcement toolkit.

AUSTRAC has commenced development of a new CRM platform which will enable it develop enhanced self-service capabilities in AUSTRAC Online.

The BSP has vowed to intensify monitoring and surveillance of the financial industry to ensure they "remain responsive to emerging risks".

The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.

The government will provide amnesty for those that choose to repatriate their offshore assets to Bangladesh and pay a 7% tax.