AML / KYC

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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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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’.

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    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.

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    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.

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    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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