AML / KYC

AML / KYC

FATF Due to Consider Adding Russia to Blacklist – Reports

By Editors | 21/10/2024

Ukraine is calling on the FATF to blacklist Russia, citing its close financial and military cooperation with UN-sanctioned North Korea and Iran.

AML / KYC

FATF Announces Changes to Grey-Listing Mechanism

By Manesh Samtani | 18/10/2024

The changes are expected to halve the number of lower income countries that are grey-listed in the upcoming assessment cycle.

AML / KYC

HKMA to “Soon” Consult on Scam Loss Sharing Framework

By Editors | 30/09/2024

The framework will include principles for banks to use when deciding whether scam losses should be compensated, such as whether customers took care to safeguard their personal data.

AML / KYC

Australian Super Fund Body Launches Financial Crime Protection Initiative

By Thisanka Siripala | 29/09/2024

The ASFA initiative aims to enhance collaboration between super funds and service providers to combat cybercrime and fraud.

AML / KYC

BSP Enters Arbitration Over Philsys Card Printing Delays

By Mark Johnston | 29/09/2024

The proceedings were initiated by AllCard Inc, which was contracted to supply cards and equipment for the production of PhilSys cards.

Fintech / Regtech

MAS to Continue Suspension of Certain China Remittance Channels

By Nithya Subramanian | 27/09/2024

MAS is still reviewing whether to expand the suspension to corporate and legal entity customers of remittance companies.

AML / KYC

Vietnam: Death Row Tycoon Faces Additional Fraud Charges

By Nithya Subramanian | 26/09/2024

Truong My Lan, who was already sentenced to death, is now on trial for a series of other money laundering and fraud charges.

AML / KYC

India to Ask FATF to Bring Online Gaming Under AML Framework

By Ajoy K Das | 26/09/2024

India is seeking to require online gaming companies to adhere to KYC norms and report suspicious transactions.

AML / KYC

Telegram Will Share User Data with Law Enforcement Authorities

By Nithya Subramanian | 26/09/2024

Telegram has changed its terms of service to deter criminal abuse, nearly a month after CEO Pavel Durov was arrested in France.