AML / KYC

AML / KYC

UK, UAE Launch New Toolkit Targeting Illegal Wildlife Trade

By Editors | 04/03/2022

Financial institutions worldwide are urged to adopt the toolkit; share it with colleagues, peers and industry partners; and take action to stamp out IWT.

AML / KYC

DOJ Launches New Task Force Targeting Russian Oligarchs

By Editors | 04/03/2022

Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.

AML / KYC

Credit Suisse Attempts to Conceal Records on Russian Clients – Report

By Editors | 04/03/2022

Credit Suisse reportedly asked investors to destroy documents relating to a loan securitisation backed by “jets, yachts, real estate and/or financial assets”.

AML / KYC

1MDB: Ex-BNM Governor’s Husband Embroiled in Police Probe

By Sanday Chongo Kabange | 04/03/2022

The police, rather than the anti-corruption commission, are investigating Datuk Tawfiq Ayman and his alleged involvement in 1MDB.

AML / KYC

GCFFC Offers Recommendations on Improving FATF Mutual Evaluations

By Manesh Samtani | 03/03/2022

Mutual evaluations also do not adequately take into account threat, materiality, and contextual factors. The FATF should promote the use of PPPs and data sharing.

AML / KYC

Thai Police, Banks Launch New Centre for Reporting Cybercrime

By Editors | 03/03/2022

The new platform is expected to reduce waiting times at police stations and help banks to cancel fraudulent financial transactions more quickly.

AML / KYC

SWIFT Ban Spares Russian Banks Facilitating EU Energy Trade

By Manesh Samtani | 03/03/2022

Sberbank and Gazprombank not included in ban; Global banks demonstrating “extreme caution”; Crypto exchanges under pressure to Russia-linked transactions.

AML / KYC

Russia SWIFT Ban Still Being Finalised; China Urges Dialogue

By Manesh Samtani | 02/03/2022

Seven Russian banks will likely be cut off from SWIFT; Japan will freeze Russia’s yen reserves; Korea will suspend transactions with seven Russian banks and their subsidiaries.

AML / KYC

China Supreme Court Makes Crypto Fundraising a Criminal Offence

By Editors | 02/03/2022

Fundraising that exceeds CNY 50 million, or losses involving at CNY 25 million or 5,000 people, could result in more than 10 years in prison.