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AML / KYC
AUSTRAC Directs ING Australian Units to Uplift AML/CTF
By Editors | 24/11/2022
Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.
Press Release
Regulation Asia Awards for Excellence 2022 – Results Announcement
By Editors | 23/11/2022
Regulation Asia held its fifth annual Awards ceremony on 22 November 2022. Here we explain our methodology and announce the winners for the year.
AML / KYC
UK Parliamentary Report Calls for Overhaul of Approach to Fraud
By Manesh Samtani | 21/11/2022
The report says “failure to prevent fraud” should be introduced as a new corporate criminal offence, along with significant financial penalties.
AML / KYC
Western Allies Sanction Iran Over Protest Handling, Drone Sales
By Editors | 18/11/2022
The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.
AML / KYC
USCC Calls for Formation of China Sanctions Planning Committee
By Editors | 17/11/2022
Congressional advisory body USCC says a new committee should be formed to develop options to respond to possible hostile action by China against Taiwan.
AML / KYC
Medibank Customers Face Continued Threat of Data Leaks
By Manesh Samtani | 17/11/2022
Medibank refused to pay a $10m ransom to hackers, who have since released information linking individuals to drug addiction, alcohol abuse, abortions and mental health treatment.
AML / KYC
Sanctions Based on UN Consensus Mechanisms are Declining
By Manesh Samtani | 17/11/2022
New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.
AML / KYC
GLEIF, SWIFT Collaborate to Enable Mapping Between MICs and LEIs
By Editors | 15/11/2022
GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.
AML / KYC
New US Sanctions Target Network Procuring Tech for Russia
By Editors | 15/11/2022
OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.
AML / KYC
UK OFSI Has Frozen Over $21b of Russian Linked Assets
By Editors | 13/11/2022
Russia has overtaken Libya and Iran to become the UK’s most-sanctioned nation, the OFSI said in its annual review.
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