AML / KYC

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    Crypto / Digital Assets

    US Files Lawsuit to Recover Crypto Linked to FTX Bribery

    By Nithya Subramanian | 14/11/2024

    Prosecutors are suing to obtain cryptocurrency in an account allegedly connected to bribes paid to Chinese officials before FTX collapsed.

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    AML / KYC

    UK FCA Fines Metro Bank for Transaction Monitoring Failures

    By Nithya Subramanian | 14/11/2024

    A data-feeding error meant 60 million transactions were not monitored by Metro Bank over a four-year period.

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    AML / KYC

    Unlocking the Potential of AI in Financial Crime Compliance

    By Bradley Maclean | 14/11/2024

    New research explores the potential of AI in financial crime compliance, highlighting pressing pain points and offering a roadmap for adoption.

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    AML / KYC

    OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

    By Editors | 13/11/2024

    OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

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    AML / KYC

    Spanish Police Chief Arrested Over Links to Criminal Gangs

    By Nithya Subramanian | 13/11/2024

    Óscar Sánchez Gil was until recently the head of the fraud and AML division of Spain’s national police force in Madrid.

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    AML / KYC

    Australia’s AGD Issues Supplementary Submission on AML Amendment Bill

    By Thisanka Siripala | 13/11/2024

    The AGD responds to issues raised in submissions to the Senate Legal and Constitutional Affairs Legislation Committee on certain aspects of the Bill.

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    AML / KYC

    China Approves Passage of Revised Anti-Money Laundering Law

    By Manesh Samtani | 13/11/2024

    The revised law takes effect on 1 January 2025, strengthening FIs’ AML obligations, increasing penalties for breaches, and enabling China to introduce its own high-risk country list.

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    AML / KYC

    Vietnam: SBV to Establish New Anti-Money Laundering Department

    By Editors | 12/11/2024

    The new department is part of amendments to the functions, missions, authority and organisational structure of the State Bank of Vietnam.

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    AML / KYC

    Asian FinTech Associations Sign MoU on Anti-fraud Collaboration

    By Editors | 12/11/2024

    14 Asian FinTech associations signed an MoU last week at an event hosted in Taiwan to enhance collaborations in anti-fraud.

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    AML / KYC

    Singapore Introduces Bill to Give Police Additional Anti-Scam Powers

    By Nithya Subramanian | 12/11/2024

    The bill will allow the police to impose restrictions on individuals’ bank accounts and credit access if necessary to protect them from scams.

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