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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.
KYC & CDD
India: AMFI in Talks with SEBI to Resolve Mutual Fund KYC Logjam
By Ajoy K Das | 01/05/2024
New KYC validation process is preventing mutual fund investors from undertaking new mutual fund transactions, including redemptions.
Anti-Money Laundering
Sri Lanka Adopts Law to Enable Confiscation of Crime Proceeds
By Mark Johnston | 30/04/2024
Sri Lanka’s Cabinet approved a law that enables the tracing and confiscation of criminal proceeds, including to retrieve assets hidden overseas.
Fraud, Scams & Cybercrime
Taiwan Prosecutors Charge 32 Suspects Over Crypto Fraud
By Editors | 29/04/2024
The suspects encouraged investors to purchase various tokens and manipulated their prices, causing TWD 800 million in losses.
Anti-Money Laundering
HKMA Seeking to Identify Next Areas of Focus in AML Regtech
By Manesh Samtani | 29/04/2024
HKMA is inviting professional firms to recommend AML Regtech use cases where adoption rates can be targeted for increase over the next two years.
Supervision & Enforcement
Law Enforcement Agencies to Boost Data Sharing: INTERPOL
By Mark Johnston | 29/04/2024
Delegates at INTERPOL’s Heads of NCBs conference identified initiatives to encourage greater operational sharing of criminal data.
Anti-Money Laundering
China Seeks Feedback on Draft Revisions to AML Law
By Editors | 29/04/2024
The scope of the law is expanded to cover non-financial businesses and professions and formally adopt the concept of “beneficial ownership”, among other changes.
Anti-Money Laundering
UK Law Enforcement Gets Stronger Powers to Seize Crypto
By Editors | 29/04/2024
UK law enforcement agencies will be able to seize crypto assets from a suspect without having to make an arrest first.
Anti-Money Laundering
GCFFC Estimates Human Trafficking Proceeds at $498b for 2024
By Manesh Samtani | 28/04/2024
APAC has the most human trafficking victims compared to other regions, including in terms of forced criminality, forced marriages, and sexual exploitation.
PEPs & Sanctions
UK FCA Proposes Updates to Financial Crime Guide
By Editors | 28/04/2024
The updates cover regulatory expectations on sanctions, proliferation financing, transaction monitoring, and cryptoassets, among other areas.
Anti-Money Laundering
US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”
By Editors | 27/04/2024
Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.
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