Anti-Money Laundering

Anti-Money Laundering

Japan’s AML Landscape and the Need for Effective Governance

By Bradley Maclean | 03/06/2024

Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.

Anti-Money Laundering

APAC FIUs Launches Regional Intelligence Sharing Platform

By Sanday Chongo Kabange | 03/06/2024

The new platform will allow for real-time sharing of information, case studies and technologies among Australasian and ASEAN FIUs.

Anti-Money Laundering

Singapore Hands Down 8th Sentence in Money Laundering Case

By Nithya Subramanian | 31/05/2024

Chinese national Lin Baoying has been sentenced to 15 months in jail and will forfeit 90% of the S$170.5mn of assets seized from her.

Anti-Money Laundering

Switzerland Fines UBS for Yemen-Linked AML Failures

By Editors | 31/05/2024

The bank failed to perform its due diligence obligations and to report suspicious transactions linked to Yemen’s former president.

Anti-Money Laundering

European Council Adopts New AML Regulatory Package

By Nithya Subramanian | 31/05/2024

This is the final step of the adoption procedure. The texts will now be published in the EU’s Official Journal and enter into force.

Anti-Money Laundering

AUSTRAC Accepts Enforceable Undertaking from Sportsbet

By Sanday Chongo Kabange | 30/05/2024

The undertaking binds the online betting company to an ongoing remedial action plan to improve its AML/CTF programme.

Anti-Money Laundering

Singapore Publishes Environmental Crimes ML Risk Assessment

By Nithya Subramanian | 30/05/2024

Singapore is assessed to be at medium-low risk for money laundering linked to environmental crimes.

Fraud, Scams & Cybercrime

Authorities Take Down “World’s Largest” Malicious Botnet

By Editors | 30/05/2024

US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

Anti-Money Laundering

US Treasury Publishes Illicit Finance Risk Assessment on NFTs

By Editors | 30/05/2024

NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.