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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
India, US Pledge to Cooperate on Global Illicit Finance Risks
By Editors | 17/12/2023
Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.
Anti-Money Laundering
EU Lawmakers Reach Agreement on AMLA Establishment
By Editors | 14/12/2023
Co-rapporteur Eva Maria Poptcheva said the new Anti-Money Laundering Authority will be a “game changer to crack down on dirty money in the EU”.
Anti-Money Laundering
RBNZ Issues Formal AML/CFT Warning to Citibank
By Sanday Chongo Kabange | 14/12/2023
Citibank NZ failed to pass on the identities of the originators of 64,000 wire transfers between 2017 and 2022.
Anti-Money Laundering
AUSTRAC Announces Regulatory Priorities for 2024
By Editors | 13/12/2023
AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.
Cryptocurrency
Taiwan FSC to Form New Financial Technology Bureau
By Editors | 13/12/2023
The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.
Anti-Money Laundering
Singapore Single-Family Offices Scrutinised for Money Laundering Risks
By Ranamita Chakraborty | 12/12/2023
Legal experts advising SFOs view proposed regulatory measures as incremental steps toward AML compliance amid the financial hub’s biggest money laundering scandal.
Anti-Money Laundering
IMF to Expand AML/CFT Data Analytics Capabilities
By Manesh Samtani | 11/12/2023
The IMF plans to increase focus on assessing and mitigating the macro-economic impacts of illicit flows in the global financial system.
Anti-Money Laundering
Singapore: Resorts World Sentosa Fined for AML Failures
By Editors | 11/12/2023
Resorts World Sentosa did not perform customer due diligence checks and identity verification when receiving cash from third party depositors.
Anti-Money Laundering
Binance’s CZ Zhao Now Required to Remain in US Until Sentencing
By Editors | 11/12/2023
Initially, a magistrate judge appeared to be allowing Zhao to leave the US until his sentencing hearing in February. A district court judge has reversed this ruling.
Anti-Money Laundering
Indonesia, UAE Central Banks Agree to Expand Cooperation
By Editors | 08/12/2023
BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.
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