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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
Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance
By Manesh Samtani | 25/04/2023
A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.
PEPs & Sanctions
US Official Details Sanctions Evasion Red Flags During European Visit
By Editors | 25/04/2023
Treasury official Brian Nelson met with European officials and FIs last week and shared details about emerging sanctions evasion typologies.
PEPs & Sanctions
OFAC Sanctions Three for Facilitating Lazarus Group Activities
By Editors | 25/04/2023
China-based and Hong Kong-based crypto traders and a North Korean national were sanctioned for laundering illegal proceeds for Lazarus Group.
Anti-Money Laundering
Malaysia in Talks with China to Secure Jho Low Repatriation
By Editors | 24/04/2023
An arrangement is being “hotly debated” inside the Malaysian government after PM Anwar Ibrahim’s first official trip to China last month.
Fraud, Scams & Cybercrime
19 Year Old Pleads Guilty for Involvement in OCBC Phishing Scams
By Editors | 24/04/2023
The youth is the sixth individual to be convicted among those accused of being involved in phishing scams.
Fraud, Scams & Cybercrime
ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair
By Editors | 23/04/2023
The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.
Cryptocurrency
European Parliament Gives Final Approval on MiCA Law
By Manesh Samtani | 21/04/2023
MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.
Anti-Money Laundering
Australia Opens Consultation on ‘Tranche 2’ AML Reforms
By Sanday Chongo Kabange | 21/04/2023
The proposed reforms will extend the AML/CTF regime to lawyers, accountants, trust and company service providers, real estate agents, and dealers in precious metals and stones.
Anti-Money Laundering
BNM, FICG to Co-host AML/CFT Hackathon in June
By Editors | 21/04/2023
The hackathon will be hosted with regional FIU body FICG to “search for creative solutions to curb financial crimes, particularly scams”.
PEPs & Sanctions
Lack of Vessel Ownership Data an Indicator of High Risk
By Manesh Samtani | 20/04/2023
69.2% of vessels with unknown beneficial owners have engaged in risky or sanction-violating behaviour, report finds.
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