AML / KYC

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    AML / KYC

    Basel Institute on Governance Publishes 2024 Basel AML Index

    By Manesh Samtani | 04/12/2024

    In Asia, New Zealand, Australia, Taiwan, Brunei, and South Korea scored the best while Myanmar, Lao PDR, China, Vietnam, and Cambodia scored the worst

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    AML / KYC

    UK FCA Finalises Updates to Financial Crime Guide

    By Editors | 04/12/2024

    The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

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    AML / KYC

    Taiwan Executive Yuan Approves “Version 2.0” Anti-Fraud Action Plan

    By Manesh Samtani | 03/12/2024

    The FSC also issued new regulatory guidelines for FIs and VASPs on preventing the fraudulent use of financial services.

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    AML / KYC

    Australian Police Dismantle Money Laundering Syndicate

    By Sanday Chongo Kabange | 03/12/2024

    The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.

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    AML / KYC

    Lombard Odier, Ex-Banker Indicted in Swiss Money Laundering Case

    By Nithya Subramanian | 03/12/2024

    Swiss prosecutors alleged that Lombard Odier and one of its former RMs concealed dirty funds and engaged in “aggravated money laundering”.

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    AML / KYC

    South Korea Cracks Down on Illegal Spam Messages

    By Mark Johnston | 03/12/2024

    The new measures include enhanced filtering services and the application of KISA’s blacklist system to prevent the mass transmission of illegal messages.

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    Fintech / Regtech

    India: RBIH Wants Banks to Use AI to Detect Mule Accounts

    By Editors | 03/12/2024

    The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

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    AML / KYC

    Meta Tightens Ad Rules to Curb Financial Scams​ in Australia

    By Thisanka Siripala | 02/12/2024

    Meta will require financial advertisers to verify their AFSL numbers and disclose payer and beneficiary information

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    AML / KYC

    Malaysian Court Drops Corruption Charges Linked to 1MDB: Report

    By Nithya Subramanian | 02/12/2024

    The court granted an acquittal to Najib Razak and another former official due to procedural delays and the prosecution’s failure to provide crucial documents.

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    AML / KYC

    Central Banks Offers Legal and System Design Lessons for Retail CBDC

    By Manesh Samtani | 01/12/2024

    Seven central banks have published two new papers summarising key legal and system design aspects of retail CBDC.

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