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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
AUSTRAC Developing New National Risk Assessments
By Sanday Chongo Kabange | 27/06/2023
AUSTRAC to develop national risk assessment on terrorism financing by late 2023, and on money laundering by early 2024.
Anti-Money Laundering
Russia Identified as “High Risk” Jurisdiction in New Report
By Manesh Samtani | 27/06/2023
AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.
Anti-Money Laundering
BSP Urged to Take Action Against Unregistered Crypto Exchanges
By Mark Johnston | 26/06/2023
Infrawatch PH says exhibiting leniency toward unregistered crypto exchanges risks the Philippines remaining on the FATF gray list.
Anti-Money Laundering
Canada Progresses Bill to Create Beneficial Ownership Registry
By Mark Johnston | 26/06/2023
The bill will require federally registered companies to disclose beneficial owners with at least 25 percent ownership or control.
Anti-Money Laundering
UK Banks to Pilot AML Data Sharing from October – Report
By Editors | 26/06/2023
One pilot will allow banks to share data if they suspect financial crime. Another pilot will involve the launch of a database for suspected economic crime.
Anti-Money Laundering
FATF Plenary: Cameroon, Croatia and Vietnam Added to Grey List
By Manesh Samtani | 26/06/2023
The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.
Anti-Money Laundering
Switzerland Freezes $26m in Crypto Linked to Terra Collapse
By Editors | 25/06/2023
The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.
Anti-Money Laundering
US, EU Push for UAE Removal from FATF Gray List
By Editors | 23/06/2023
Some officials have reportedly been pushing for UAE to be removed from the FATF’s grey list. The country could be removed in as soon as a few months.
PEPs & Sanctions
Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations
By Mark Johnston | 23/06/2023
Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.
Anti-Money Laundering
Senate Committee to Investigate Perth Mint’s AML Compliance
By Editors | 22/06/2023
The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.
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