Anti-Money Laundering

Anti-Money Laundering

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.

Fraud, Scams & Cybercrime

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.

Anti-Money Laundering

World Leaders Pledge to Collectively Act Against Financial Crime

By Thisanka Siripala | 25/09/2024

The Pact for the Future, agreed by 143 nations, includes a commitment to ramp up efforts to combat the growing sophistication of financial crime.

PEPs & Sanctions

US Arrests Russian Man for Illicit Microelectronics Exports

By Editors | 23/09/2024

Several Hong Kong companies were used to purchase microelectronics from US distributors and export them to Russia.

PEPs & Sanctions

Lebanese Man Pleads Guilty to Sanctions Evasion Conspiracy

By Editors | 23/09/2024

The man, designated as a specially designated global terrorist in May 2018, pleaded guilty to a conspiracy charge and agreed to forfeit $830,000.

Anti-Money Laundering

Japanese Crime Bosses Had Singapore Connection – Report

By Nithya Subramanian | 23/09/2024

Three leaders of the Rivaton Group, which allegedly laundered funds for criminal groups, resided in and were directors of companies in Singapore.

Anti-Money Laundering

Danske Bank Settles French Money Laundering Probe

By Mark Johnston | 23/09/2024

Danske Bank will pay €6.33mn to settle a probe by French authorities into the bank’s now-shuttered Estonian operations.

Anti-Money Laundering

Singapore FIU Seeks Information on Bangladeshi Conglomerate

By Nithya Subramanian | 20/09/2024

The STRO asked the BFIU to provide details on S Alam Group, a Bangladeshi conglomerate that is suspected of money laundering.

Anti-Money Laundering

German Authorities Shut Down 47 Cryptocurrency Exchanges

By Nithya Subramanian | 20/09/2024

The crypto exchanges did not carry out identity and background checks on customers and allowed them to conduct financial transactions anonymously.