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Anti-Money Laundering
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
China Consults on Draft CFT rules for Social Organisations
By Editors | 05/01/2025
Under the rules, social organisations have to undertake periodic TF risk assessments and implement risk prevention measures commensurate with their TF risks.
PEPs & Sanctions
Thailand Works to Address Risks of Myanmar Transactions
By Manesh Samtani | 04/01/2025
No evidence was found that transactions with Myanmar were linked to weapons purchases. A new sanctions policy has been issued.
Fraud, Scams & Cybercrime
Do Kwon Appears in US Court Following Extradition from Montenegro
By Manesh Samtani | 03/01/2025
Terraform Labs co-founder Do Kwon appeared in court on Thursday, ending more than 18 months of uncertainty about his extradition.
Cryptocurrency
Philippine SEC Proposes New Regulatory Framework for Crypto
By Manesh Samtani | 02/01/2025
The rules cover capital requirements, consumer protection, disclosures and marketing, AML compliance, market abuse, and cybersecurity.
Supervision & Enforcement
Australia Seeks Input on Use of Legal Professional Privilege Claims
By Editors | 02/01/2025
Discussion paper seeks feedback on addressing improper use of legal professional privilege claims, such as to delay or hinder investigations.
Anti-Money Laundering
PNG Agencies Launch New Anti-Money Laundering Task Force
By Editors | 31/12/2024
The task force is described as a “crucial step” in PNG’s efforts to combat financial crime and avoid being placed on the FATF’s grey list.
Anti-Money Laundering
OCC Issues Order Requiring BofA to Fix AML Deficiencies
By Editors | 28/12/2024
The order requires BofA to obtain OCC approval to launch new products or services that present high money laundering or sanctions risk.
Anti-Money Laundering
1MDB Files Suit Against Corporate Service Provider Amicorp
By Editors | 28/12/2024
1MDB alleges HK-headquartered Amicorp used shell companies and fraudulent financial structures to facilitate the misappropriation of assets.
Anti-Money Laundering
AUSTRAC Publishes Unofficial “Future” Version of AML Act
By Editors | 28/12/2024
The document does not have legal effect but aims to help reporting entities understand the effect of the amendments passed in November.
Anti-Money Laundering
FATF Publishes Six Mutual Evaluation, Four Follow-up Reports
By Editors | 28/12/2024
New reports available for Marshall Islands, Nauru, Timor Leste, PNG, Oman, Argentina, Georgia, Monaco, Croatia, Poland
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