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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
APG Spotlights Money Laundering Associated With Tax Crimes
By Manesh Samtani | 06/09/2023
A key and “almost universal” element of money laundering associated with tax crimes is the concealment of beneficial ownership, APG says in a new report.
Anti-Money Laundering
MAS Imposes Lifetime Ban on Former Goldman Exec Roger Ng
By Editors | 05/09/2023
Roger Ng is banned from regulated activities in Singapore for life, due to his role in the theft of billions of dollars from 1MDB.
Anti-Money Laundering
India Ministry Gazettes Enhancements to AML/CFT Rules
By Editors | 05/09/2023
The amendments lower the shareholding threshold for company partners to be considered beneficial owners, from 15 percent to 10 percent
Anti-Money Laundering
Crypto Travel Rule Comes into Force in the UK
By Editors | 04/09/2023
The UK is now one of several jurisdictions to have now implemented the travel rule for the crypto sector.
Anti-Money Laundering
Cayman Islands Proposes Beneficial Ownership Transparency Bill
By Manesh Samtani | 04/09/2023
Public access to the beneficial ownership register will be enabled, but only after there is clarity on the effect of the CJEU’s November 2022 ruling.
Anti-Money Laundering
KoFIU Fines, Suspends Crypto Lender for AML Violations
By Editors | 04/09/2023
Crypto lender Delio failed to assess money laundering risks, had KYC lapses, and failed to restrict transactions with unregistered VASPs.
Anti-Money Laundering
Malaysia: BNM Announces Penalties Against Ten Entities
By Editors | 04/09/2023
Seven entities within a group accepted deposits without a licence. Three other entities breached AML/CFT requirements.
Market Abuse
OCCRP Report Deals Fresh Blow to India’s Adani Group
By Mark Johnston | 03/09/2023
The OCCRP says Adani Group breached India’s minimum public shareholding rules. SEBI is waiting for information from five foreign jurisdictions to confirm.
Anti-Money Laundering
Sri Lanka FIU Issues AML Guidelines for Legal Professionals
By Duruthu E Chandrasekera | 02/09/2023
Every legal professional is required to appoint a Compliance Officer to ensure compliance, and submit STRs to the FIU.
Anti-Money Laundering
MAS Offers New Guidance on BO Identification, Complex Structures
By Manesh Samtani | 01/09/2023
MAS inspections found “executional lapses” in this area as a result of “weak oversight” and “lack of risk awareness and vigilance”.
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