AML / KYC

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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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    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.

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    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.

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    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.

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    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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