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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.
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.
AML / KYC
US Court Jails Bitfinex Hacker for Laundering Stolen Bitcoin
By Nithya Subramanian | 19/11/2024
Ilya Lichtenstein was sentenced to five years in prison and his wife to 18 months for their roles in the 2016 Bitfinex hack.
Enforcement
Singapore Police Investigate 288 Suspects in Scams Totaling S$6.54m
By Nithya Subramanian | 18/11/2024
The Singapore Police Force conducted a two-week operation uncovering 1,208 scam cases, including job, e-commerce, and investment scams.
AML / KYC
SEBI Simplifies Registration Process for Certain FPI Applicants
By Nithya Subramanian | 18/11/2024
Eligible FPIs can submit an abridged application form, reducing duplication and streamlining the registration process.
AML / KYC
Australia Consults on Enhanced Beneficial Ownership Reforms
By Sanday Chongo Kabange | 15/11/2024
The reforms aim to increase the disclosure of ownership information for listed companies and broaden the ASIC’s regulatory enforcement powers.
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