AML / KYC

EBA Issues Guidelines on ML/TF Risks Associated with CASPs

By Ranamita Chakraborty | 17/01/2024

The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.

Fintech / Regtech

BIS to Study Financial Crime Detection in Retail Payments

By Editors | 15/01/2024

Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.

AML / KYC

SEBI Modifies Rules for Foreign Investments in AIFs

By Ajoy K Das | 15/01/2024

SEBI updates threshold for determining beneficial ownership, extends mandatory custodian and dematerialisation requirements to reduce money laundering risks.

AML / KYC

Local Banks to Improve Money-locking Features: ABS

By Nithya Subramanian | 15/01/2024

Banks need to be prepared as scammers will continuously modify their techniques, said ABS Director Ong-Ang Ai Boon.

AML / KYC

NYDFS Announces $8m Settlement With Genesis Global Trading

By Editors | 15/01/2024

Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

AML / KYC

Crypto Firms Lead Surge in AML Fines: Report

By Mark Johnston | 15/01/2024

Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

AML / KYC

SC Malaysia Charges Three for Money Laundering Offences

By Sanday Chongo Kabange | 15/01/2024

The three individuals face a combined 28 money laundering charges over illegal proceeds totalling MYR 283.5 million.

AML / KYC

Singapore Police Using RPA Tech to Disrupt Scams

By Editors | 12/01/2024

RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

AML / KYC

Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

By Mark Johnston | 12/01/2024

The Wolfsberg Group has revised its guidance on Swift RMA due diligence, taking into account ISO 20022 migration.

AML / KYC

Transparency and Independent Oversight Main Issues of FATF: Experts

By Nithya Subramanian | 11/01/2024

A roundtable organised by RUSI concluded that marginal reforms aimed at improving transparency could be more successful and impactful.

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