20 of the 38 companies on the list are linked to either Baoshang Bank or Anbang Insurance, which both needed a state bailout in recent years.
Korea's Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
Criminal groups deposited millions of euros cash into accounts at ICBC Spain using split payments, in-house accounts and false identity documents to evade detection.
Under the legislation, banks can be penalised for conducting a 'significant transaction' with Chinese individuals or entities named as having contributed to the erosion of Hong Kong’s autonomy.
Citadelle Corporate Services is said to have handled Wirecard monies without a trust business licence. Senjo Group is said to have falsified accounts.
Taiwanese financial firms are asking the FSC to allow identity authentication methods other than the unwieldy government-issued Citizen Digital Certificates.
Drawing from the Fraud Triangle Theory, Alvarez & Marsal's Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.
The automatic exchange of information by tax authorities in nearly 100 countries uncovered data on 84 million accounts held offshore in 2019.
Prudential and AML/CFT supervisors should establish an effective cooperation mechanism regardless of the institutional setting, the updated guidelines say.
FATF President Marcus Pleyer will prioritise work on digital transformation, racially motivated terrorism, migrant smuggling, environmental crime, and illicit arms trafficking.