AML / KYC

AML / KYC

US Repatriates Additional $156mn in 1MDB Funds to Malaysia

By Nithya Subramanian | 15/06/2024

To date, the US DOJ has repatriated to Malaysia a total of $1.4bn that was misappropriated from 1MDB.

AML / KYC

Singapore Govt Agencies to Use Common SMS Sender ID

By Nithya Subramanian | 14/06/2024

All government agencies in Singapore will use the same SMS Sender ID to safeguard the public against scams.

Enforcement

HK ICAC Charges Asset Manager for Laundering HK$50m

By Sanday Chongo Kabange | 14/06/2024

The ICAC charged Xiao Rui, the owner of asset manager Augustine Holdings, for laundering HKD 50 million.

Crypto / Digital Assets

Ghana, MAS Complete Cross-border Trade PoC Using CBDC

By Nithya Subramanian | 14/06/2024

Project DESFT demonstrated that the eCedi can facilitate the participation of MSMEs in international trade.

AML / KYC

Singapore Private Bankers Took Kickbacks from Property Deals

By Nithya Subramanian | 14/06/2024

Some private bankers reportedly received 30-50% of the commission for introducing clients to property agents.

Crypto / Digital Assets

Taiwan Crypto Industry Launches New “VASP Association”

By Editors | 14/06/2024

The VASP Association is charged with developing self-regulatory guidelines and best practices for the crypto industry.

AML / KYC

Westpac Enhances Security Features to Protect Against Scams

By Sanday Chongo Kabange | 13/06/2024

Westpac’s Ben Young said the new security features will help individuals and small businesses identify potential scams before they have made a payment,

AML / KYC

Singapore Authorities Tighten Scrutiny of Family Offices

By Nithya Subramanian | 12/06/2024

The annual forms for family offices with tax exemptions now ask for more details about beneficial owners and directors.

Fintech / Regtech

RBI Announces Launch of Global Anti-Fraud Hackathon

By Ajoy K Das | 12/06/2024

The RBI is inviting innovations and solutions on real time prediction, detection and prevention of fraud in financial transactions.