Anti-Money Laundering

Anti-Money Laundering

FCA Sets Out Expectations on Crypto Travel Rule Compliance

By Manesh Samtani | 18/08/2023

UK firms that receive a crypto transfer with incomplete information may block the beneficiary from accessing the crypto.

Anti-Money Laundering

NZ DIA Warns Money Remitters on Using Third-Party Accounts

By Sanday Chongo Kabange | 17/08/2023

Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.

Anti-Money Laundering

Singapore Police Arrests 10 Foreigners for Forgery, Money Laundering

By Manesh Samtani | 16/08/2023

The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.

PEPs & Sanctions

Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch

By Editors | 15/08/2023

Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.

KYC & CDD

HKMA Fines EFG Bank Over AML Control Deficiencies

By Editors | 15/08/2023

The bank failed to complete identity verification for customers that were transferred in from another FI and had other issues related to CDD and ongoing monitoring.

Anti-Money Laundering

US Prosecutors File Amended Indictment Against Sam Bankman-Fried

By Editors | 15/08/2023

The new indictment drops a campaign finance charge but includes an illegal campaign finance scheme as part of original fraud and money laundering charges.

Fraud, Scams & Cybercrime

US Judge Revokes Bankman-Fried Bail for Witness Tampering

By Editors | 13/08/2023

Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.

Anti-Money Laundering

RUSI Publishes Virtual Assets Risk Assessment Guide

By Editors | 12/08/2023

The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.

Anti-Bribery & Corruption

US, UK, Canada Sanction Former Governor of Lebanon Central Bank

By Editors | 11/08/2023

The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.