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AML / KYC
GCFFC Calls for Better Access to Global Beneficial Ownership Data
By Manesh Samtani | 12/09/2024
In a new report, the GCFFC outlines key considerations for building technological systems to standardise the collection and publication of BO data across jurisdictions.
Enforcement
Singapore to Issue First Charges Under New Anti-Scam Laws
By Nithya Subramanian | 12/09/2024
Around 40 individuals will be charged with new offences under the CDSA and CMA for selling their bank accounts and Singpass credentials.
AML / KYC
UK FCA to Update Guidance on Addressing Suspicious Payments
By Manesh Samtani | 12/09/2024
The updated guidance aims to support a new policy that will enable PSPs to delay payments when fraud or dishonesty is suspected.
Crypto / Digital Assets
UK FCA Charges Man for Operating Illegal Crypto ATM Network
By Nithya Subramanian | 12/09/2024
The London resident is the first individual to be criminally prosecuted for unregistered crypto activity in the UK.
Enforcement
Singapore Police Nab 6 Men Linked to Global Cybercrime Syndicate
By Nithya Subramanian | 11/09/2024
The men, suspected of conducting global malicious cyber operations from Singapore, were arrested in an operation involving 160 police officers.
AML / KYC
Australia Introduces AML/CTF Reform Bill to Parliament
By Sanday Chongo Kabange | 11/09/2024
The amendment bill will bring tranche 2 entities into scope and modernise the regulation of virtual assets and payments tech.
AML / KYC
State Bank of Vietnam Tightens Grip on Account Fraud – Report
By Nithya Subramanian | 11/09/2024
Financial institutions are now required to provide monthly updates on accounts showing signs of fraud or other legal violations.
AML / KYC
Stronger AML Controls Needed to Combat Organised Crime: AIC
By Thisanka Siripala | 10/09/2024
The Australian Institute of Criminology found that money laundering activity by organised crime groups leads to increases in crime-related harm.
AML / KYC
US Celebrities Received 1MDB Funds Worth $2.43m – Reports
By Nithya Subramanian | 10/09/2024
A Malaysian court heard that fugitive Jho Low transferred 1MDB money to Kim Kardashian and Pharrell Williams but the reasons are unknown.
AML / KYC
France Releases Telegram CEO on €5m Bail and Conditions
By Manesh Samtani | 10/09/2024
Telegram modified its content moderation policies, allowing users to flag content in private and group chats that they believe is illegal, among other changes.
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