AML / KYC

    AML / KYC

    EU Approves Russian Coal Ban, Australia Adds Sanctions

    By Manesh Samtani | 08/04/2022

    The EU approved bans on Russian coal imports, high-tech exports, port access, and more banks. Australia has sanctioned 67 more individuals.

    AML / KYC

    US, German Authorities Target World’s Largest Darknet Market

    By Manesh Samtani | 07/04/2022

    OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.

    AML / KYC

    Singapore Jails Man for Money Laundering, Email Fraud

    By Editors | 07/04/2022

    The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.

    AML / KYC

    Myanmar Orders Conversion of All Foreign Currency to Kyat

    By Editors | 07/04/2022

    The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.

    AML / KYC

    India Introduces Bill to Outlaw Proliferation Financing

    By Sanday Chongo Kabange | 07/04/2022

    The Bill will also give the government powers to freeze, seize or attach funds or other financial assets or economic resources to prevent WMD financing.

    AML / KYC

    US, UK Announce New Russia Sanctions, EU to Ban Coal Imports

    By Manesh Samtani | 06/04/2022

    New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.

    AML / KYC

    From Russia in Haste

    By ESG Investor | 06/04/2022

    The response of corporates and investors to the invasion of Ukraine suggests both need to overhaul their due diligence processes.

    AML / KYC

    Singapore Tightens Laws on Technology Risk, Crypto Assets

    By Sanday Chongo Kabange | 06/04/2022

    FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.

    AML / KYC

    Singapore Banks to Station More Staff at Anti-Scam Centre

    By Editors | 05/04/2022

    While banks have been supporting the police’s Anti-Scam Centre for the past three years, only DBS currently has staff physically located inside the centre.

    AML / KYC

    Japan, US Impose More Sanctions Over DPRK Missile Tests

    By Mark Johnston | 05/04/2022

    Japan sanctioned 4 Russia-based entities and 9 other individuals. The US sanctioned 5 more North Korean entities.

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