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AML / KYC
Former EU Justice Commissioner Investigated for Money Laundering
By Nithya Subramanian | 05/12/2024
Belgian police searched the homes of Didier Reynders amid allegations of laundering funds through lottery ticket purchases.
AML / KYC
US, UK Target Major Russian Sanctions Evasion Network
By Editors | 05/12/2024
OFAC sanctioned five individuals and five entities associated with the network. The NCA said 84 arrests have been made and $25mn has been seized.
AML / KYC
Australia Directs ACMA to Operate ‘Mandatory’ SMS Sender ID Register
By Sanday Chongo Kabange | 05/12/2024
The ACMA is directed to develop an enforceable industry standard for a mandatory ‘SMS Sender ID Register’ to protect against scams.
AML / KYC
FBI Issues Alert on Use of GenAI for Sophisticated Scams
By Thisanka Siripala | 04/12/2024
The alert includes specific examples of how criminals are exploiting GenAI in fraud schemes to raise public awareness and encourage vigilance
AML / KYC
Malaysia Proposes Stricter Laws to Target Harm from Online Content
By Nithya Subramanian | 04/12/2024
The proposed amendments aim to curb objectionable online content to curb scams, online gambling, bullying and pornography.
AML / KYC
HKMA Announces Two New Anti-Scam Measures for Banks
By Sanday Chongo Kabange | 04/12/2024
“Money Safe” will allow customers to segregate a portion of their deposits and protect it from fund outflows, similar to Singapore’s “Money Lock”.
AML / KYC
Basel Institute on Governance Publishes 2024 Basel AML Index
By Manesh Samtani | 04/12/2024
In Asia, New Zealand, Australia, Taiwan, Brunei, and South Korea scored the best while Myanmar, Lao PDR, China, Vietnam, and Cambodia scored the worst
AML / KYC
UK FCA Finalises Updates to Financial Crime Guide
By Editors | 04/12/2024
The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.
AML / KYC
Taiwan Executive Yuan Approves “Version 2.0” Anti-Fraud Action Plan
By Manesh Samtani | 03/12/2024
The FSC also issued new regulatory guidelines for FIs and VASPs on preventing the fraudulent use of financial services.
AML / KYC
Australian Police Dismantle Money Laundering Syndicate
By Sanday Chongo Kabange | 03/12/2024
The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.
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