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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
Cayman Islands Proposes Beneficial Ownership Transparency Bill
By Manesh Samtani | 04/09/2023
Public access to the beneficial ownership register will be enabled, but only after there is clarity on the effect of the CJEU’s November 2022 ruling.
Anti-Money Laundering
KoFIU Fines, Suspends Crypto Lender for AML Violations
By Editors | 04/09/2023
Crypto lender Delio failed to assess money laundering risks, had KYC lapses, and failed to restrict transactions with unregistered VASPs.
Anti-Money Laundering
Malaysia: BNM Announces Penalties Against Ten Entities
By Editors | 04/09/2023
Seven entities within a group accepted deposits without a licence. Three other entities breached AML/CFT requirements.
Market Abuse
OCCRP Report Deals Fresh Blow to India’s Adani Group
By Mark Johnston | 03/09/2023
The OCCRP says Adani Group breached India’s minimum public shareholding rules. SEBI is waiting for information from five foreign jurisdictions to confirm.
Anti-Money Laundering
Sri Lanka FIU Issues AML Guidelines for Legal Professionals
By Duruthu E Chandrasekera | 02/09/2023
Every legal professional is required to appoint a Compliance Officer to ensure compliance, and submit STRs to the FIU.
Anti-Money Laundering
MAS Offers New Guidance on BO Identification, Complex Structures
By Manesh Samtani | 01/09/2023
MAS inspections found “executional lapses” in this area as a result of “weak oversight” and “lack of risk awareness and vigilance”.
PEPs & Sanctions
MAS Issues Additional Guidance on Managing Sanctions Risk
By Manesh Samtani | 31/08/2023
The guidance covers board and senior management responsibilities and the use of look-back reviews of past transactions.
Anti-Money Laundering
Understanding the Value of Global Identifiers in the Fight Against Financial Crime
By Clare Rowley | 31/08/2023
Clare Rowley explores how the LEI is uniquely positioned to strengthen the fight against international financial crime.
Fraud, Scams & Cybercrime
Korea Reopens Investigations into Handling of Lime Funds
By Editors | 31/08/2023
Search and seizure operations were carried out at two securities firms on Thursday. Additional inspections at a third firm.
Anti-Money Laundering
Switzerland Proposes Strengthening of AML Framework
By Manesh Samtani | 31/08/2023
The proposed framework would enhance beneficial ownership transparency and make lawyers, consultants and accountants responsible for AML checks.
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