AML / KYC

AML / KYC

NZ DIA, SkyCity Reach Settlement Over AML Breaches

By Sanday Chongo Kabange | 22/05/2024

A penalty of NZD 4.16 million was proposed to the court to settle SkyCity’s liability over the AML breaches.

AML / KYC

NZ Regulators Endorse New AML/CFT Supervisory Approach

By Sanday Chongo Kabange | 22/05/2024

The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.

AML / KYC

Indonesia Launches Anti-Fraud Strategy Guide for ITSK Sector

By Editors | 19/05/2024

OJK said the guide will help strengthen the digital ecosystem in Indonesia and and build public trust.

AML / KYC

FATF Publishes Updated Procedures for Mutual Evaluations

By Editors | 17/05/2024

FATF will prioritise countries whose assessments are most outdated, that face higher risks and have important financial sectors.

AML / KYC

AUSTRAC, SkyCity Propose A$67m Settlement to Court

By Editors | 17/05/2024

A hearing date has been set for 7 June 2024 for the court to consider the settlement jointly proposed by AUSTRAC and SkyCity Adelaide.

AML / KYC

Australia’s Digital ID Bill Passes House of Representatives

By Mark Johnston | 16/05/2024

The scheme will soon extend to state and territory governments, with the private sector to follow within two years.

AML / KYC

Malaysia Taking Steps to Enhance AML/CFT Regime

By Editors | 16/05/2024

Malaysian laws are being reviewed to address “gaps and implementation issues” and “elevate beneficial ownership reporting”.

AML / KYC

Chinese Authorities Arrest Six in Crypto Money Laundering Scheme

By Nithya Subramanian | 16/05/2024

The suspects were involved in laundering CNY 2.14 billion through crypto transactions to South Korea.

AML / KYC

FinCEN, SEC Propose AML Rule for Investment Advisers

By Editors | 16/05/2024

The rule, if adopted, would require investment advisers to implement procedures for verifying the identity of each customer.