AML / KYC

AML / KYC

UK Unveils New Plan to Tackle Economic Crime

By Sanday Chongo Kabange | 31/03/2023

The plan involves hiring 475 specialist investigators, investing in technology and data analytics, and establishing a new multi-agency crypto cell.

AML / KYC

Kuwait Court Sentences Defendants in 1MDB Case

By Editors | 31/03/2023

The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.

AML / KYC

ACCC Warns of Rising Bank Impersonation Scams in Australia

By Editors | 30/03/2023

Scammers can make their calls and texts appear as part of the same conversation thread as legitimate messages from a bank, the ACCC warns.

AML / KYC

Real Estate Sector Vulnerable to BEC Threats: FinCEN

By Editors | 30/03/2023

FinCEN published a report on the patterns and trends of business email compromise scams targeting the real estate sector.

AML / KYC

Credit Suisse Violated 2014 Plea Deal with US DOJ

By Manesh Samtani | 30/03/2023

UBS could be forced to pay US authorities $1.3bn – the amount Credit Suisse had discounted from its 2014 plea deal.

AML / KYC

HKMA, SFC to Host Discussions Between Crypto Firms & Banks

By Editors | 30/03/2023

A roundtable will take place on 28 April at the HKMA to facilitate dialogue and experience sharing regarding opening and maintaining bank accounts.

AML / KYC

Five Banks Searched in French Tax Fraud Probe

By Editors | 29/03/2023

Four major French banks and a foreign bank were targeted by simultaneous searches related to the so-called “Cum-Ex” tax scandal.

AML / KYC

EBA Drafts Amendments to AML Guidance to Account for Crypto Risks

By Mark Johnston | 29/03/2023

The amendments are part of efforts to implement MiCA, which is due to be voted on in April.

AML / KYC

New Roadmap Proposed to Boost Financial Inclusion in Trade

By Editors | 29/03/2023

The Roadmap identifies areas where coordinated action can make a significant impact, including through accelerated LEI adoption.