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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
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.
Emerging Prudential Risks
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
By Manesh Samtani | 09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
Anti-Money Laundering
Indonesian President Signs Decree on FATF Membership
By Editors | 09/04/2024
The decree signing strengthens Indonesia’s commitment to participate in combating financial crime globally, said the head of the country’s FIU.
Anti-Money Laundering
Japan FSA Publishes Revised Version of AML/CFT FAQs
By Hiroshi Ozaki | 08/04/2024
The revisions were made to improve the sophistication of the risk-based approach and reduce prescriptive requirements.
Anti-Money Laundering
US, China Secure New Agreement to Cooperate on AML
By Editors | 07/04/2024
Janet Yellen said the US and China will share best practices and provide updates on the actions being taken to close loopholes.
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