AML / KYC

    AML / KYC

    EU Leaders Agree to Ban 90pc of Russian Oil by Year-end

    By Manesh Samtani | 01/06/2022

    The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.

    AML / KYC

    FATF Re-rates New Zealand for Progress on UBO Transparency

    By Editors | 31/05/2022

    The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.

    AML / KYC

    Bangladesh to Introduce Amnesty Scheme for Laundered Money

    By Editors | 31/05/2022

    The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.

    AML / KYC

    US Treasury Puts Russia on Path to Sovereign Default

    By Manesh Samtani | 27/05/2022

    The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.

    AML / KYC

    Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes

    By Manesh Samtani | 26/05/2022

    The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.

    AML / KYC

    Seoul Prosecutors Revive Specialised Financial Crime Team

    By Editors | 24/05/2022

    A joint investigations team that was disbanded in January 2020 has now been reinstated to respond to financial and securities crimes.

    AML / KYC

    Singapore Police Warns of Banking-related Phishing Scams

    By Editors | 24/05/2022

    Phishing scams involving the impersonation of bank employees have increased from 149 cases in 2020 to 1,021 cases last year.

    AML / KYC

    US SEC Fines Wells Fargo Advisors $7m for AML Failures

    By Editors | 24/05/2022

    Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.

    AML / KYC

    G7 Urges FSB to Swiftly Develop Regulations for Crypto

    By Manesh Samtani | 22/05/2022

    FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.

    AML / KYC

    Crypto Firms Launch Scam Reporting Platform: Chainabuse

    By Editors | 22/05/2022

    Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.

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