AML / KYC

    AML / KYC

    Suisse Secrets: Data Leak Reveals Criminals Clients at Swiss Bank

    By Manesh Samtani | 21/02/2022

    The data unearthed evidence that Credit Suisse accounts were used by clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

    Fintech / Regtech

    US DOJ Appoints First Director of National Crypto Enforcement Team

    By Editors | 20/02/2022

    The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.

    AML / KYC

    18 Crypto Exchanges Jointly Launch Travel Rule Solution

    By Editors | 18/02/2022

    The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

    AML / KYC

    Bangladesh Revises Rules on Mobile Financial Services

    By Sanday Chongo Kabange | 17/02/2022

    The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.

    AML / KYC

    A Radical Re-think of Financial Crime Compliance

    By Kelvin Toh | 17/02/2022

    A fundamental rethink of FCC is needed to move away from tick-box compliance and ensure greater focus on effectiveness and outcomes, says Kelvin Toh.

    AML / KYC

    AUSTRAC Orders Bell Financial to Address AML Compliance Issues

    By Editors | 17/02/2022

    An external auditor has to be appointed to examine AML compliance at three entities within the Bell Financial Group.

    AML / KYC

    MAS Tables Bill to Obtain Enhanced Regulatory Powers

    By Sanday Chongo Kabange | 15/02/2022

    The Financial Services and Markets Bill will give MAS enhanced regulatory powers to address misconduct, crypto asset and technology risks.

    AML / KYC

    In Conversation With Siddhant Sahai, Deutsche Bank

    By Bradley Maclean | 15/02/2022

    Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.

    AML / KYC

    SFC Fines South China Commodities for AML Breaches

    By Editors | 14/02/2022

    This is the third action the SFC has taken against a licensed firm over the use of Xinguanjia, a customer supplied system provided by Hengxin Software.

    AML / KYC

    MAS Issues Guidance on Tech Adoption for Remote CDD

    By Manesh Samtani | 14/02/2022

    MAS identifies good industry practices used to guard against fraud, impersonation, and document tampering in a non-face-to-face setting.

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