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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
FATF Reiterates Calls for Global Adoption of Crypto AML Rules
By Editors | 20/04/2023
At a meeting in Tokyo last week, officials and the private sector discussed global progress and challenges in regulating virtual assets.
Supervision & Enforcement
Malaysia to Re-evaluate Goldman Settlement Over 1MDB
By Editors | 19/04/2023
The government believes the 2020 deal “was done hastily” and could have resulted in more public funds being recovered.
Anti-Money Laundering
UK Watchdog Faces Surge in AML Whistleblower Reports
By Mark Johnston | 18/04/2023
The UK FCA has received 141 reports from insiders who raised concerns about their firms’ AML controls in the past six years.
Anti-Money Laundering
Russian National Receives Light Sentence for Laundering Ransomware Proceeds
By Mark Johnston | 18/04/2023
Denis Dubnikov laundered money for the Ryuk ransomware gang, but pleaded guilty and cooperated with investigators.
KYC & CDD
GDF Consults on Wolfsberg-style DDQ for VASPs
By Editors | 18/04/2023
The questionnaire is intended for use by VASPs and other financial institutions including banks for onboarding VASPs.
KYC & CDD
GLEIF Maps LEIs to Records in OpenCorporates Database
By Editors | 18/04/2023
The mapping exercise will ensure the “highest quality reference data” is quickly and easily available to all, said GLEIF CEO Stephan Wolf.
Anti-Money Laundering
New Singapore Bills Target Money Mules, Singpass Abuse
By Manesh Samtani | 18/04/2023
The MHA and SNDGO proposed amendments that will empower the police to prosecute money mules and those who sell and trade Singpass credentials.
Conduct, Culture & Accountability
MAS: “Much Room for Improvement” in Issue Manager Conduct
By Editors | 18/04/2023
MAS identified issue managers that did not perform conflict-of-interest checks, background checks on EDs and controlling shareholders, and site visits to issuers’ material assets.
Anti-Money Laundering
Australia Revisits ‘Tranche 2’ AML Reforms – Report
By Editors | 17/04/2023
The government is expected to settle its position on AML reforms this month that could cover the real estate, accounting and legal professions.
PEPs & Sanctions
G7 Says Switzerland Is Not Doing Enough to Combat Sanctions Evasion
By Editors | 17/04/2023
Switzerland, though officially neutral, has frozen Russian assets worth about a third of the EUR 21.5 billion frozen across the EU.
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