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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.
Market Abuse
SEBI Seeks More Time to Complete Adani Group Probe
By Editors | 04/05/2023
The probe has made slow progress because of difficulties obtaining information from foreign regulators. Some foreign funds have also refused to identify their beneficial owners.
Trade Based Money Laundering
Combatting TBML Through Beneficial Ownership and Enhanced Transparency
By Jeremy Moller | 02/05/2023
Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.
Anti-Money Laundering
US Court Convicts Hip Hop Artist Over Jho Low Connection
By Editors | 01/05/2023
Prosecutors said Pras Michél worked with Jho Low to influence the US government during the Obama and Trump presidencies.
Anti-Money Laundering
Singapore: 1st Phase of Financial Services and Markets Act Commences
By Editors | 01/05/2023
The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.
Anti-Money Laundering
FATF Publishes Mutual Evaluation Report on Indonesia
By Editors | 28/04/2023
Indonesia has a strong AML/CFT framework but needs to address risks in some sectors and improve investigation and prosecution. Foresty crime and terrorism financing are some of the country’s key risks.
Anti-Money Laundering
UK Convicts Cash Couriers for Laundering Over $130m
By Editors | 27/04/2023
The couriers smuggled money from the UK to Dubai using vacuum-packed suitcases sprayed with coffee or air fresheners to evade detection.
Anti-Money Laundering
BSP Issues Guidance on Effective Transaction Monitoring
By Sanday Chongo Kabange | 27/04/2023
The guidance calls on regulated financial institutions to bolster their TM systems, highlighting the importance of board of senior management involvement.
Fraud, Scams & Cybercrime
HK Bank-to-bank Information Sharing Platform to Launch in June
By Manesh Samtani | 26/04/2023
Authorities are also considering co-locating bank staff at the ADCC, as this has helped to reduce stop payment response times and enhance loss recoveries in other jurisdictions like Singapore.
Anti-Money Laundering
Swiss Prosecutors Indict Ex-PetroSaudi Executives in 1MDB Case
By Editors | 26/04/2023
The two former executives were paid by Jho Low to set up a joint venture that was used to embezzle $1.8bn from 1MDB.
Anti-Money Laundering
US Treasury Sets Out Strategy to Address De-risking
By Editors | 26/04/2023
Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.
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