Anti-Money Laundering

Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

Fraud, Scams & Cybercrime

HK Court Jails Former AXA Agents for Fraud, Money Laundering

By Sanday Chongo Kabange | 01/04/2024

The three former AXA insurance agents were sentenced for defrauding AXA of commissions and bonuses and for laundering the proceeds.

Anti-Money Laundering

‘COSMIC’ Information Sharing Platform Launches in Singapore

By Editors | 01/04/2024

COSMIC allow banks to share information on suspicious customers or transactions to help detect and prevent financial crime.

Anti-Money Laundering

FATF Sheds Light on Global Implementation of Crypto Standards

By Manesh Samtani | 31/03/2024

91% of jurisdictions with materially important VASP activity have enacted or are in the process of enacting AML/CTF requirements for VASPs.

Fraud, Scams & Cybercrime

FTX Founder Sam Bankman-Fried Sentenced to 25 Years

By Editors | 31/03/2024

The judge also ordered the forfeiture of more than $11bn for properties and assets Bankman-Fried bought with customer funds.

Anti-Money Laundering

Nigeria Files Charges Against Binance & Executives

By Editors | 31/03/2024

One of the two Binance executives detained last month escaped custody. Both executives and Binance are accused of money laundering and tax evasion, among other charges.

Structural Regulation

Korea, Poland to Strengthen Financial Industry Collaboration

By Editors | 31/03/2024

The FSC is seeking to boost supervisory cooperation with Polish authorities and more permits for Korean banks to operate in the country.

Anti-Money Laundering

Singapore: ACIP Sheds Light on Use of Data Analytics for AML/CFT

By Manesh Samtani | 30/03/2024

New paper discusses current and future uses of data analytics for AML/CFT, and how information shared over COSMIC could be leveraged to enhance such solutions.

Anti-Money Laundering

MAS Extends Suspension on “Non-Specified Channels” for China Remittances

By Ranamita Chakraborty | 30/03/2024

Since the initial suspension in December, MAS has not received reports of remittances to China being frozen.

Cryptocurrency

Taiwan Approves Establishment of Local Crypto Industry Association

By Mark Johnston | 29/03/2024

The association will be responsible for formulating industry norms, advocating compliant operations, and improving industry self-discipline.

Anti-Money Laundering

FATF Re-rates Australia on Six Recommendations

By Mark Johnston | 29/03/2024

Australia was upgraded on five recommendations and downgraded on R.15 due to the limited scope of its regulatory regime for VASPs.

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