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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
US, China Commence Meetings on AML, Financial Sector Resilience
By Mark Johnston | 16/04/2024
At the AML/CFT meetings, officials discussed virtual assets and beneficial ownership, with both sides agreeing to continue meeting regularly.
KYC & CDD
Multiple US Regulators Probing Morgan Stanley’s Wealth Arm – Report
By Nithya Subramanian | 16/04/2024
US regulators are assessing whether the bank has sufficiently investigated the identities of clients and their sources of wealth.
Fraud, Scams & Cybercrime
Thailand to Tighten Rules for P2P Trading of Crypto
By Nithya Subramanian | 15/04/2024
Thai Minister calls on SEC to extend existing crypto regulations to cover P2P channels as a way to combat fraud and scams.
Fraud, Scams & Cybercrime
Taiwan Crypto Exchange Founder Charged for Money Laundering
By Nithya Subramanian | 12/04/2024
Taiwanese prosecutors have indicted the founder of ACE Exchange, David Pan, for a crypto fraud involving more than $10mn.
Supervision & Enforcement
ASIC Proposes Updates to Guidance for Insolvency Practitioners
By Sanday Chongo Kabange | 12/04/2024
The proposed updates will provide improved guidance on reporting requirements and reduce “unnecessary effort and expense”, ASIC said.
Supervision & Enforcement
HK Customs Arrests One in Largest Ever Gold Smuggling Case
By Sanday Chongo Kabange | 11/04/2024
The Customs and Excise Department has seized HKD 84 million worth of gold and arrested one person.
PEPs & Sanctions
US Treasury Official Calls for Expanded Tools to Target Crypto
By Manesh Samtani | 10/04/2024
Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.
Anti-Money Laundering
Mossack Fonseca Trial Commences in Panama Over 2016 Document Leak
By Mark Johnston | 10/04/2024
The founders and other former representatives, lawyers and ex-employees of Mossack Fonseca face money laundering charges for a corruption scheme in Brazil.
PEPs & Sanctions
US Prepared to Sanction Chinese Banks That Aid Russian Military
By Editors | 09/04/2024
Janet Yellen said the US stands ready to act against “anything that involves aiding Russia’s military in their brutal war”.
Anti-Money Laundering
Malaysia Consults on Proposed Trust Companies Bill
By Editors | 09/04/2024
Since coming into force in 1949, Malaysia’s Trust Companies Act has only been reviewed once in 1973.
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