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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
Singapore Charges 6 for Illegal Cross-Border Money Transfers
By Nithya Subramanian | 09/09/2024
The individuals provided unlicensed cross-border money transfer services to China, Myanmar, Bangladesh, Indonesia, and Sri Lanka.
PEPs & Sanctions
DOJ Charges Russian TV Presenter With Violating US Sanctions
By Editors | 08/09/2024
The television presenter and producer for Russia’s state-owned Channel One, along with his wife, were charged for sanctions violations and money laundering.
Anti-Money Laundering
AUSTRAC Issues New Guidance on Outsourcing AML Functions
By Editors | 06/09/2024
Among other things, the guidance covers due diligence of service providers, outsourcing agreements, management and oversight, and performance monitoring.
Anti-Money Laundering
HK Customs Announces Disciplinary Actions Against Four MSOs
By Editors | 06/09/2024
The MSOs failed to keep records of remittance transactions and to identify beneficial owners and PEPs, among other breaches of AML/CTF requirements.
PEPs & Sanctions
US Charges Six Hamas Leaders for Terrorism, Sanctions Evasion
By Editors | 06/09/2024
The DOJ said Hamas crypto fundraising efforts caused US persons to engage in transactions that violated US sanctions regulations.
Cryptocurrency
FSS Korea to Soon Commence Inspections of Crypto Businesses
By Editors | 05/09/2024
The inspections will check for illegal or suspicious transactions, compliance with consumer protection rules, and unethical business practices.
PEPs & Sanctions
US Sanctions Russian Individuals, Entities for Election Interference
By Editors | 05/09/2024
The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.
Anti-Money Laundering
Indonesia Captures Former Philippine Mayor Charged for Money Laundering
By Editors | 05/09/2024
The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.
PEPs & Sanctions
US Seizes Private Jet Belonging to Venezuelan President
By Editors | 04/09/2024
The DOJ said the jet was illegally purchased in the US and then smuggled to Venezuela, in violation of US export control and sanctions laws.
Anti-Money Laundering
Korean Regulators Intensify Scrutiny of Woori Bank, Affiliates
By Manesh Samtani | 03/09/2024
The FSS suspects that Woori intentionally covered up unfair loans granted to relatives of the group’s former chairman.
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