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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.
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.
Anti-Money Laundering
FSA Launches AML Probe into Tokyo’s Kiraboshi Bank
By Mark Johnston | 25/04/2024
The bank did not perform checks on around 80 large remittances made by a customer over less than two months, despite the suspicious circumstances.
Fraud, Scams & Cybercrime
Thai Police to Return $3.4m in Seized Assets to Crypto Fraud Victims
By Mark Johnston | 25/04/2024
The assets were confiscated from two gambling websites that were linked to a cryptocurrency fraud scheme; 23 suspects were arrested.
PEPs & Sanctions
US President Signs National Security Package Into Law
By Editors | 25/04/2024
Among other things, the package broadens sanctions on Iran, allows confiscation of Russian assets, and requires TikTok to separate from ByteDance.
Fraud, Scams & Cybercrime
Singapore Court Sentences Money Mule to 10 Years Jail
By Nithya Subramanian | 25/04/2024
Muhammad Zahir Johana allowed his Singpass credentials to be used to open bank accounts that were used to receive scam proceeds.
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