AML / KYC

AML / KYC

Five Chinese Money Launderers Arrested in Spain

By Manesh Samtani | 09/07/2024

The head of an alleged Chinese criminal network was among those arrested during the Europol-supported operation.

AML / KYC

HKMA Fines DBS for Historical AML Deficiencies

By Sanday Chongo Kabange | 08/07/2024

HKMA investigation found deficiencies in the bank’s systems and controls for compliance with the AMLO.

AML / KYC

Nordea Charged for Laundering $3.8b for Russian Clients

By Editors | 08/07/2024

Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

AML / KYC

Australia: ATO Joins Anti-Scam Intelligence Sharing Platform

By Sanday Chongo Kabange | 08/07/2024

The ATO has become the first government agency to join the ‘AFCX Anti‑Scam Intelligence Loop’.

AML / KYC

GLEIF Forms New Advisory Board to Promote vLEI Adoption

By Editors | 05/07/2024

The vLEI Technical Advisory Board will provide technical, governance, and developmental support to the vLEI stakeholder ecosystem as it grows.

Crypto / Digital Assets

EBA Publishes Travel Rule Guidelines for Crypto Sector

By Editors | 05/07/2024

The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.

AML / KYC

Mexico’s Elisa de Anda Madrazo Assumes FATF Presidency

By Manesh Samtani | 04/07/2024

Elisa De Anda Madrazo will serve as FATF President from July 2024 to June 2026, taking over from T. Raja Kumar of Singapore.

AML / KYC

FATF Plans to Update Guidance for Money Laundering NRAs

By Editors | 04/07/2024

The FATF aims to make NRA guidance “more effective, comprehensive and useful for all stakeholders involved”.

AML / KYC

Singapore Raises Fines for Money Laundering Breaches by CSPs

By Nithya Subramanian | 04/07/2024

Existing laws have been amended to ensure that nominee directors are deemed “fit and proper” and misuse of directorships can result in significant penalties.