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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
Singapore Money Laundering Case Tops S$3bn in Assets
By Editors | 22/01/2024
Warrants of arrest and Interpol Red Notices have also been issued against two more Cambodian nationals for money laundering offences.
Anti-Money Laundering
US Regulators Fine ICBC New York Branch for Regulatory Violations
By Editors | 22/01/2024
ICBC disclosed confidential supervisory information without regulatory approval and had deficiencies in its BSA/AML compliance programme.
Anti-Money Laundering
Global Crypto Crime Gains Fall; Stablecoins Rise: Report
By Nithya Subramanian | 19/01/2024
The global amount received by illicit cryptocurrency addresses in 2023 fell 39 per cent, while stablecoins accounted for 60 per cent of illicit transactions, revealed Chainalysis.
Anti-Money Laundering
EU Council, Parliament Reach Provisional Agreement on AMLD6
By Manesh Samtani | 18/01/2024
The scope of the AML rules is broadened to include cryptoassets, luxury goods, football clubs and golden visas. There is also an EU-wide cash payment limit of EUR 10,000.
Anti-Money Laundering
Former VP of US Bank Pleads Guilty to AML Violations
By Mark Johnston | 18/01/2024
Peter McVey helped high-risk customers evade the bank’s AML controls, violating the Bank Secrecy Act.
Anti-Money Laundering
Cryptos Popular Among Money Launderers in SE Asia: UN Report
By Nithya Subramanian | 18/01/2024
Tether has emerged as a preferred choice for regional cyberfraud operations due to its stability and the ease, anonymity, and low fees of its transactions.
Anti-Money Laundering
EBA Issues Guidelines on ML/TF Risks Associated with CASPs
By Ranamita Chakraborty | 17/01/2024
The guidelines will foster a common understanding of ML/TF risks associated with crypto-assets service providers, the EBA said.
Anti-Money Laundering
BIS to Study Financial Crime Detection in Retail Payments
By Editors | 15/01/2024
Project Hertha will map financial crime typologies in real-time payment systems, and build a synthetic dataset to test identification of the typologies.
Anti-Money Laundering
SEBI Modifies Rules for Foreign Investments in AIFs
By Ajoy K Das | 15/01/2024
SEBI updates threshold for determining beneficial ownership, extends mandatory custodian and dematerialisation requirements to reduce money laundering risks.
Anti-Money Laundering
NYDFS Announces $8m Settlement With Genesis Global Trading
By Editors | 15/01/2024
Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.
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