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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
MAS Proposes Framework for SFOs to Boost AML Measures
By Ranamita Chakraborty | 01/08/2023
The revised framework introduces a harmonised class exemption for single family offices (SFOs) with specific requirements to ensure that all SFOs are subject to anti-money laundering (AML) controls.
Anti-Money Laundering
SBV Issues Circular on Money Laundering Prevention and Control
By Mark Johnston | 01/08/2023
The circular specifies the obligations of reporting entities, including obligations to report high-value and suspicious transactions.
Anti-Money Laundering
US Senate Approves Defence Bill with Provisions Targeting Crypto Mixers
By Editors | 31/07/2023
The US Senate’s approval of the 2024 NDAA includes stringent provisions aimed at cryptocurrency mixers, marking a regulatory milestone.
Anti-Money Laundering
Malaysia Records Surging Suspicious Transactions and Scams
By Ranamita Chakraborty | 31/07/2023
Bank Negara Malaysia’s deputy governor revealed that the central bank’s financial intelligence unit saw a nearly 30 percent increase in suspicious transaction reports compared to the previous year.
Anti-Money Laundering
KoFIU is Ramping Up Efforts to Combat Crypto-related Crime
By Manesh Samtani | 30/07/2023
KoFIU will strengthen inspections, impose sanctions for violations, and disclose the results of investigations to promote legal compliance.
Anti-Money Laundering
UK Updates Guidance to Implement Travel Rule for Cryptoasset Transfers
By Editors | 29/07/2023
The proposed guidance specifies the information on originators and beneficiaries that crypto exchanges and wallet providers must send, receive and verify as part of a cryptoasset transfer.
Cryptocurrency
US Lawmakers Advance Bills to Create Regulatory Clarity for Crypto
By Manesh Samtani | 27/07/2023
The ‘Financial Innovation and Technology for the 21st Century Act’ has now advanced in key committees in the US House of Representatives.
Anti-Money Laundering
UK and Australia Illicit Financing Co-ordination Dialogue
By Editors | 27/07/2023
High-level dialogue between UK and Australia reaffirms commitment to combat illicit financing and corruption.
Anti-Money Laundering
Korea Establishes Interagency Investigative Team for Crypto
By Manesh Samtani | 27/07/2023
Until new rules for the crypto sector come into force in 2024, the new investigative team will be charged with investigating unlawful trading activities.
Anti-Money Laundering
ESMA Withdraws Recognition Decisions for UAE CCPs
By Editors | 26/07/2023
The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.
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