Anti-Money Laundering

Anti-Money Laundering

Risk Assessments a Core Part of Australia’s New AML Regime

By Nathan Lynch | 18/02/2025

The reforms passed in November send a clear message that risk assessments and AML programmes need to respond to changes in the financial crime risk landscape.

Anti-Money Laundering

AUSTRAC Warns Crypto, Remittance Firms of Possible Regulatory Action

By Sanday Chongo Kabange | 18/02/2025

AUSTRAC has issued alerts, a precursor to potential regulatory action, to over 50 crypto exchanges and remittance service providers.

Cryptocurrency

Korea Sets Roadmap for Opening Crypto Market to Corporate Participation

By Manesh Samtani | 14/02/2025

Charities, universities and virtual asset exchanges will soon be allowed to sell crypto they receive as donations and fees.

Fraud, Scams & Cybercrime

260 Victims Rescued from Myanmar Scam Compounds

By Nithya Subramanian | 14/02/2025

The victims, rescued by a rebel group, came from 20 different countries, with the majority originating from African and Asian nations.

Payments & Settlements

FMA Offers Regulatory Clarity for E-Money and Payments Firms

By Sanday Chongo Kabange | 14/02/2025

The FMA said there is “no specific licence” for e-money institutions or payments service providers in New Zealand but a range of regulatory obligations still apply.

Anti-Money Laundering

US Releases Convicted Former Operator of BTC-e in Prison Swap

By Editors | 14/02/2025

Alexander Vinnik was in US custody awaiting sentencing after pleading guilty last year for conspiracy to commit money laundering.

Anti-Bribery & Corruption

Transparency International: Global Corruption to Impact Climate Action

By Nithya Subramanian | 13/02/2025

Latest Corruption Perceptions Index results highlight that weak anti-corruption efforts threaten democracy, enable money laundering, and put climate funds at risk

Anti-Money Laundering

Australian Court Commences Trial Against Star Casino Executives

By Thisanka Siripala | 11/02/2025

The trial will examine whether 10 former executives and directors knowingly allowed money laundering and criminal activity at Star casinos.

Fraud, Scams & Cybercrime

DOJ Secures Guilty Plea in SEC Case of Social Media Account Hack

By Thisanka Siripala | 10/02/2025

Eric Council Jr admitted to conspiracy to commit aggravated identity theft and access device fraud and is due to be sentenced on 16 May