Anti-Money Laundering

    Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

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    PEPs & Sanctions

    FATF Calls on India to Enhance Scrutiny of Domestic PEPs – Report

    By Ajoy K Das | 12/08/2024

    The FATF calls for tighter account opening scrutiny for domestic PEPs and their families, and more rigorous monitoring of their bank accounts.

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    Anti-Bribery & Corruption

    US Court Convicts Former Mozambique Official in Bribery Case

    By Editors | 12/08/2024

    Following a four-week trial in New York, Mozambique’s former finance minister was found guilty for accepting $7mn in bribes.

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    Anti-Money Laundering

    US Fed Imposes Conditions on Customers Bank for AML Deficiencies

    By Manesh Samtani | 12/08/2024

    The Fed cited risk management deficiencies relating to an instant payments platform used to enable crypto firms to make around-the-clock US dollar payments.

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    Anti-Bribery & Corruption

    Australia AGD Will ‘Shortly’ Publish Anti-Foreign Bribery Guidance

    By Manesh Samtani | 11/08/2024

    The guidance will help firms prepare for reforms that introduce ‘failure to prevent foreign bribery’ a new corporate offence from 8 September.

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    Anti-Money Laundering

    Four Arrested by HK Customs in HK$1.5b Money Laundering Case

    By Editors | 10/08/2024

    The arrestees allegedly used 39 bank accounts, six shell companies and cryptocurrency to launder crime proceeds from across the APAC region.

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    Anti-Money Laundering

    US Man Arrested for Facilitating DPRK Remote IT Worker Fraud

    By Editors | 10/08/2024

    DOJ said Matthew Isaac Knoot enabled North Korean IT workers to work for US and UK companies from locations in China, and laundered money for them.

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    KYC & CDD

    Cayman Islands: New Beneficial Ownership Regime Commences

    By Editors | 09/08/2024

    Beneficial ownership information will not yet be available to the public in light of the November 2022 ruling by the European Court of Justice.

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    Cryptocurrency

    India Has “No Proposal” to Regulate Crypto Beyond Tax, AML

    By Ajoy K Das | 09/08/2024

    MOF official told Parliament the government will coordinate with global standard-setting bodies before considering any measures domestically.

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    Anti-Money Laundering

    US, Germany Take Down Illicit Crypto Platform Cryptonator

    By Editors | 08/08/2024

    Cryptonator facilitated transactions worth USD 1.4 billion, including those linked to sanctioned entities and criminal marketplaces.

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    Anti-Money Laundering

    India ED Has Pursued Over 5,000 ML Cases Since 2014

    By Ajoy K Das | 08/08/2024

    Minister of State for Home Affairs Nityanand Rai said 40 convictions have been secured under the the Prevention of Money Laundering Act.

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