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AML / KYC
Taiwan FSC Fines Two Crypto Exchanges for AML Violations
By Mark Johnston | 28/11/2024
FSC investigations found lapses involving CDD, transaction monitoring, record-keeping, and suspicious transaction reporting.
AML / KYC
Wolfsberg Group Defines Key Terms Related to Digital Assets
By Manesh Samtani | 27/11/2024
The definitions are intended to serve as a foundational reference for assessing ML/TF risks and developing appropriate controls for digital assets.
AML / KYC
UK Government Pushes for Public Beneficial Ownership Registers
By Mark Johnston | 26/11/2024
The UK government has reaffirmed its commitment to establishing fully public beneficial ownership registers.
AML / KYC
Eurojust Establishes Judicial Focus Group to Combat Money Laundering
By Mark Johnston | 26/11/2024
Eurojust has launched a Judicial Focus Group to strengthen efforts against money laundering and improve asset recovery across the European Union.
AML / KYC
OJK Announces Soft Launch of Indonesia Anti-Scam Centre
By Mark Johnston | 25/11/2024
The Anti-Scam Centre will improve coordination between FIs and law enforcement agencies, and help protect consumers against fraud and scams.
AML / KYC
Singapore Court Fines Jeweller for Failing to Perform CDD
By Nithya Subramanian | 23/11/2024
The case is Singapore’s first prosecution under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act.
AML / KYC
Australia to Expand National Scheme on Unexplained Wealth
By Thisanka Siripala | 23/11/2024
The government tabled in Parliament its response to an independent review of the ‘National Cooperative Scheme on Unexplained Wealth’.
Crypto / Digital Assets
US Court Jails Operator of Darknet Cryptocurrency Mixer ‘Helix’
By Nithya Subramanian | 21/11/2024
Helix was popular among online drug dealers to launder their illicit proceeds, processing $300m in cryptocurrency transactions between 2014 and 2017.
Enforcement
US Agencies Probe AML Policies and Systems at Citi – Reports
By Editors | 20/11/2024
The probe centres on Citigroup’s work for Heritage Trust, which holds assets owned by a sanctioned Russian billionaire.
AML / KYC
Singapore: $1.4b from Overseas Suspects Surrendered to State
By Nithya Subramanian | 20/11/2024
Police said 15 of 17 suspected money launderers who fled Singapore agreed to surrender assets to end the cases against them.
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