AML / KYC

    Enforcement

    US SEC, DOJ Charge Social Media Influencers for Securities Fraud

    By Mark Johnston | 18/12/2022

    Eight individuals are accused of engaging in a conspiracy to commit securities fraud through a social media-based “pump and dump” scheme.

    AML / KYC

    HKMA Asks StanChart to Investigate Unauthorised Card Transactions

    By Editors | 18/12/2022

    Standard Chartered has said there is no evidence of a data leak, that it would arrange refunds, and that it has strengthened its monitoring systems in response.

    AML / KYC

    Singapore Releases Blueprint to Combat Ransomware Attacks

    By Mark Johnston | 17/12/2022

    The blueprint includes recommendations to discourage ransomware payments and make it mandatory for organisations to report such payments.

    AML / KYC

    Malaysian Banks to Finish Implementing Anti-Scam Measures by June 2023

    By Editors | 16/12/2022

    More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.

    AML / KYC

    Danske Bank to Pay $2bn to Resolve DOJ, SEC Probes

    By Sanday Chongo Kabange | 15/12/2022

    Danske Bank admitted to allowing high-risk non-resident customers from other countries including Russia to use its Estonia branch to access US banks.

    AML / KYC

    AUSTRAC Releases First Proliferation Financing Risk Assessment

    By Manesh Samtani | 15/12/2022

    Australia is vulnerable due to lack of reporting requirements for DNFBPs and poor transparency of companies, trusts, and beneficial ownership.

    AML / KYC

    GLEIF Confirms Utility of Embedding LEI in eSeals

    By Editors | 14/12/2022

    In a PoC, GLEIF demonstrated that embedding LEIs in eSeals allowed Japanese and European entities to transact digitally with greater trust.

    AML / KYC

    Wirecard Trial Begins With Defendants Blaming Each Other

    By Mark Johnston | 14/12/2022

    Former CEO Markus Braun and his co-defendants face up to 15 years in jail, though a verdict is not expected until at least 2024.

    AML / KYC

    FTX Founder Arrested, Charged by SEC, SDNY, CFTC

    By Sanday Chongo Kabange | 14/12/2022

    US authorities have charged Sam Bankman-Fried for defrauding customers, investors, lenders, and campaign finance violations.

    AML / KYC

    UK Police Arrest Chinese Tycoon on US Bribery Charges

    By Editors | 14/12/2022

    The co-chairman of Chinese real estate firm Guangzhou R&F Properties is accused of paying bribes to San Francisco authorities from 2015 through 2020.

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