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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.
PEPs & Sanctions
Ex-FBI Agent Admits He Worked for Sanctioned Russian Oligarch
By Editors | 15/08/2023
Charles McGonigal, one of the highest-ranking FBI agents to ever face criminal charges, entered a guilty plea on Tuesday in New York.
KYC & CDD
HKMA Fines EFG Bank Over AML Control Deficiencies
By Editors | 15/08/2023
The bank failed to complete identity verification for customers that were transferred in from another FI and had other issues related to CDD and ongoing monitoring.
Anti-Money Laundering
US Prosecutors File Amended Indictment Against Sam Bankman-Fried
By Editors | 15/08/2023
The new indictment drops a campaign finance charge but includes an illegal campaign finance scheme as part of original fraud and money laundering charges.
Fraud, Scams & Cybercrime
US Judge Revokes Bankman-Fried Bail for Witness Tampering
By Editors | 13/08/2023
Sam Bankman-Fried gave documents to journalists and tried to interfere with witnesses. He was taken to jail on Friday.
Anti-Money Laundering
RUSI Publishes Virtual Assets Risk Assessment Guide
By Editors | 12/08/2023
The guide offers a ‘virtual assets risk assessment framework’, as well as risk mitigation strategies and best practices.
Anti-Bribery & Corruption
US, UK, Canada Sanction Former Governor of Lebanon Central Bank
By Editors | 11/08/2023
The former governor and his close associates were sanctioned for “corrupt acts” that contributed to Lebanon’s economic crisis.
Anti-Money Laundering
US Senators Reintroduce Digital Asset Anti-Money Laundering Act
By Editors | 10/08/2023
The bill, if enacted, would require firms to start reporting crypto transactions exceeding $10,000 after 18 months.
Anti-Money Laundering
UN Chief Calls for Global Tax Reform, Criticises OECD
By Mark Johnston | 09/08/2023
The UN Secretary-General calls for more UN involvement in setting and enforcing global tax standards.
KYC & CDD
AUSTRAC to Implement Pre-verification Requirement for Online Gambling
By Editors | 08/08/2023
Identification verification procedures must be carried out before online gambling services are provided to customers, starting 29 September.
Anti-Money Laundering
Bangladesh Court Orders Probe into Conglomerate’s Offshore Investments
By Mark Johnston | 08/08/2023
The probe will investigate the owner of S Alam Group over an alleged $1bn in investments made offshore without central bank permission.
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