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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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