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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.
KYC & CDD
Philippine SEC Stresses Need for CDD on DNFBP Clients
By Sanday Chongo Kabange | 26/09/2023
Regulated firms that don’t identify and verify the true identity of DNFBP clients and their beneficial owners may face enforcement action.
Anti-Money Laundering
HKMA Publishes Cases Studies on Regtech Adoption for AML/CFT
By Editors | 26/09/2023
The report features examples of Regtech implementation for fraud monitoring, TM alerts handling, media monitoring, and customer risk monitoring.
Supervision & Enforcement
Senior Nomura Banker Barred from Leaving China – Report
By Editors | 26/09/2023
The travel ban is said to be connected to a long-running investigation into two key executives of China Renaissance.
Anti-Money Laundering
US SEC Settles ESG Misstatements and AML Cases Against DWS
By Manesh Samtani | 26/09/2023
DWS said it stands by the ESG statements made in its financial disclosures and fund prospectuses and has already taken steps to address weaknesses.
Fraud, Scams & Cybercrime
India to Develop New Surveillance Tool for Crypto & Dark Web
By Manesh Samtani | 26/09/2023
The tool will also contain a comprehensive database of all known crypto exchanges worldwide, along with their contact information, for use in investigations.
Anti-Money Laundering
US Court Jails Wildlife Trafficker for Rhino Horn Smuggling
By Mark Johnston | 25/09/2023
A Malaysian citizen who conspired to smuggle rhino horns worth USD 2.1 million has been jailed in the US.
Anti-Money Laundering
Singapore Banks Ramp Up Scrutiny of Risky Customers – Reports
By Mark Johnston | 25/09/2023
Singapore banks are red-flagging, reviewing, restricting and/or closing accounts of customers from China, Vanuatu, Dominica, Cyprus, Cambodia, Turkey, and St Kitts and Nevis.
Anti-Money Laundering
Assets Involved in Singapore Money Laundering Case Reach S$2.4 Billion
By Editors | 22/09/2023
Singapore police say the assets involved in the case now involve S$2.4bn, which is more than twice the amount initially reported in August.
Supervision & Enforcement
FATF, INTERPOL Host Second Ever Joint Engagement on Asset Recovery
By Manesh Samtani | 21/09/2023
FATF president T Raja Kumar said there needs to be a major mindset and culture shift to focus on asset recovery as a national law enforcement priority.
Fraud, Scams & Cybercrime
HK Police Force Hosts First-ever Cyber Policing Symposium
By Editors | 20/09/2023
Hong Kong and Mainland officials called for greater cross-border cooperation between law enforcement agencies to deal with cybercrime threats.
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