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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
Deutsche Bank to Settle Jeffrey Epstein Lawsuit for $75m
By Editors | 19/05/2023
The lawsuit brought by an unnamed woman in November claimed Deutsche Bank missed red flags in Epstein’s accounts and chose profit over following the law.
Anti-Money Laundering
US DOJ to Ramp Up Scrutiny of Crypto Platforms – Report
By Mark Johnston | 18/05/2023
The DOJ will pursue target crypto exchanges, mixers and tumblers that are enabling criminal actors to profit from their crimes.
Cryptocurrency
EU Council Formally Adopts New Legal Framework for Crypto
By Sanday Chongo Kabange | 17/05/2023
New rules under MiCA cover issuers of utility tokens, asset referenced tokens, stablecoins, service providers such as trading venues, and wallets where crypto-assets are held.
Anti-Money Laundering
EU Enters Trilogue Discussions on Proposed New AML Authority
By Mark Johnston | 17/05/2023
The new Anti-Money Laundering Authority would directly supervise high-risk financial entities and coordinate national authorities and FIUs.
Anti-Money Laundering
Indian Authorities Investigating Three ‘Top Brokers’ – Reports
By Editors | 16/05/2023
Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.
Anti-Money Laundering
IMF Offers New Guidance on Combatting Terrorism Financing
By Editors | 16/05/2023
New downloadable book presents contributions by experts from the IMF, UN, Egmont Group, INTERPOL, and Europol.
Anti-Money Laundering
The Financial Action Task Force’s Challenge with Russia
By Fatima Alsancak | 15/05/2023
RUSI’s Fatima Alsancak says the FATF should consider Russia’s invasion of Ukraine as an impetus to update its standards and country assessment process to address corruption.
PEPs & Sanctions
Philippine AMLC Issues New Sanctions Screening Guidance
By Editors | 13/05/2023
An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.
Anti-Money Laundering
India Brings Company Formation Agents into Scope of AML Law
By Sanday Chongo Kabange | 11/05/2023
Persons who act as formation agents, directors, trustees and nominee shareholders for companies and LLPs are brought into scope.
Market Abuse
S. Korea: Key Suspect Detained in Stock Manipulation Case
By Editors | 10/05/2023
Ra Deok-yeon allegedly used order matching to inflate stock prices and defraud investors. Two other key suspects were also detained.
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