AML / KYC

AML / KYC

Singapore Banks to Phase Out Use of OTPs for Account Login

By Editors | 09/07/2024

MAS and ABS said the phase-out of OTPs will make it harder for scammers to fraudulently access customer accounts and funds.

Enforcement

HK Financial Consultant Pleads Guilty in ICAC Fraud Case

By Sanday Chongo Kabange | 09/07/2024

The consultant pleaded guilty in an investment fraud case that also involves three former StanChart relationship managers.

AML / KYC

AUSTRAC Releases Two National Risk Assessments

By Editors | 09/07/2024

The NRAs provide an understanding of the scale, sophistication and threat of money laundering and terrorism financing in Australia.

AML / KYC

Five Chinese Money Launderers Arrested in Spain

By Manesh Samtani | 09/07/2024

The head of an alleged Chinese criminal network was among those arrested during the Europol-supported operation.

AML / KYC

HKMA Fines DBS for Historical AML Deficiencies

By Sanday Chongo Kabange | 08/07/2024

HKMA investigation found deficiencies in the bank’s systems and controls for compliance with the AMLO.

AML / KYC

Nordea Charged for Laundering $3.8b for Russian Clients

By Editors | 08/07/2024

Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

AML / KYC

Australia: ATO Joins Anti-Scam Intelligence Sharing Platform

By Sanday Chongo Kabange | 08/07/2024

The ATO has become the first government agency to join the ‘AFCX Anti‑Scam Intelligence Loop’.

AML / KYC

GLEIF Forms New Advisory Board to Promote vLEI Adoption

By Editors | 05/07/2024

The vLEI Technical Advisory Board will provide technical, governance, and developmental support to the vLEI stakeholder ecosystem as it grows.

Crypto / Digital Assets

EBA Publishes Travel Rule Guidelines for Crypto Sector

By Editors | 05/07/2024

The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.