AML / KYC

    AML / KYC

    INTERPOL Launches Financial Crime and Anti-Corruption Centre

    By Editors | 16/03/2022

    The new centre will adopt a multi-agency approach to drive a coordinated global response to transnational financial crime and corruption.

    AML / KYC

    G7 to Downgrade Russia Trade Status, Close Sanctions Loopholes

    By Editors | 13/03/2022

    US bans more Russian trade. G7 pledges to close national-level loopholes that could enable sanctions evasion via crypto-assets, among other commitments.

    Fintech / Regtech

    Japan Crypto Industry Set to Adopt Travel Rule

    By Editors | 13/03/2022

    The travel rule will increase transparency on the individuals and entities crypto exchanges deal with, as the government seeks to prevent sanctions evasion.

    AML / KYC

    BIS Suspends Russian Central Bank as UK Adds More Sanctions

    By Manesh Samtani | 11/03/2022

    UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.

    AML / KYC

    Singapore Court Imposes 9 Year Jail Sentence for IRAS Fraud

    By Editors | 10/03/2022

    230 companies, mostly dormant and shell companies, were used to submit 400 fraudulent applications claiming tax breaks.

    AML / KYC

    Philippine AMLC Extends Deadline for DNFBP AML Programmes

    By Editors | 10/03/2022

    The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.

    AML / KYC

    US President Calls for Comprehensive Approach to Digital Assets

    By Editors | 10/03/2022

    The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

    AML / KYC

    Russia Warns of “Swift” Response to US Energy Import Ban

    By Manesh Samtani | 10/03/2022

    EU adds 160 names to sanctions list, extends SWIFT ban to Belarus; New Zealand passes Russia Sanctions Bill. Fitch projects “imminent” sovereign default.

    AML / KYC

    US Ramps Up Russia Pressure With Energy Import Ban

    By Manesh Samtani | 09/03/2022

    Russian energy will no longer be accepted at US ports and will be phased out in the UK and EU. New sanctions imposed by APAC jurisdictions.

    AML / KYC

    Australia Sanctions More Russians Over Disinformation Campaign

    By Editors | 08/03/2022

    Australia’s sovereign wealth fund, Future Fund, is reportedly trying to divest AUD 200 million of holdings in Russian companies.

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