Anti-Money Laundering

Fraud, Scams & Cybercrime

Montenegro Court to Extradite Do Kwon to the US, Not Korea

By Mark Johnston | 23/02/2024

Montenegro’s High Court decided to approve the US extradition request over South Korea’s, citing the gravity of the charges and the evidence presented by US authorities.

Anti-Money Laundering

FATF Plenary Concludes With Beneficial Ownership, NPOs, Crypto in Focus

By Manesh Samtani | 23/02/2024

Kenya and Namibia were added to the FATF’s grey list while Barbados, Gibraltar, Uganda and the UAE were removed.

PEPs & Sanctions

US Unveils Five Enforcement Actions Involving Russian Oligarchs

By Editors | 23/02/2024

The actions, including charges against the CEO of Russia’s VTB Bank, were unveiled just ahead of the two-year anniversary of the war in Ukraine.

PEPs & Sanctions

Three FIUs Issue Guidance on Russia Sanctions Evasion

By Manesh Samtani | 23/02/2024

The FIUs of Canada, Netherlands and Germany issued a joint advisory providing indicators to aid in the detection of dual-use goods trade involving Russia.

Anti-Money Laundering

Frankfurt Selected to Host EU Anti-Money Laundering Authority

By Mark Johnston | 23/02/2024

Frankfurt was chosen following a competitive bidding process that involved eight other countries. The AMLA will start operations in mid-2025.

Anti-Bribery & Corruption

Hong Kong Launches Global Anti Corruption Academy

By Sanday Chongo Kabange | 23/02/2024

The academy will offer tailored training on corruption prevision and AML to officers from around the world.

Anti-Money Laundering

Alternative Fund Managers Face Growing AML Risks: Study

By Ranamita Chakraborty | 22/02/2024

Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.

Structural Regulation

EU Removes Four Jurisdictions from Tax Blacklist

By Mark Johnston | 22/02/2024

Hong Kong was also removed from the EU’s state-of-play document for making further improvements to its tax policies.

KYC & CDD

India to Centralise FATCA, CRS Certifications at KYC Registration Agencies

By Ajoy K Das | 21/02/2024

RFIs are directed to upload certifications under FATCA and CRS received from clients directly into the KRA system.