Anti-Money Laundering

Anti-Money Laundering

Philippine Agencies Sign Data Sharing Deal on Beneficial Ownership

By Editors | 22/03/2023

The agreement will allow the SEC to give competent authorities timely access to beneficial ownership information, in line with the FATF recommendations.

Cryptocurrency

Taiwan Cabinet to Expand FSC’s Remit to Crypto Sector

By Editors | 22/03/2023

The FSC will focus on the segregation of customer assets at crypto exchanges, the supervision of token listings, and customer protection.

Fraud, Scams & Cybercrime

Bulgaria Extradites Former OneCoin Exec to Face US Charges

By Editors | 21/03/2023

OneCoin’s former head of legal and compliance is alleged to have helped launder millions of dollars of illegal proceeds through shell companies and bank accounts.

Anti-Money Laundering

Upbit’s Azman Hamid Discusses Travel Rule Adoption in APAC

By Editors | 21/03/2023

Upbit’s Azman Hamid discusses the UAE’s addition to the FATF grey list and APAC’s implementation of the FATF recommendations on virtual assets.

Anti-Money Laundering

Singapore: New Bill Introduced to Facilitate Introduction of COSMIC

By Manesh Samtani | 21/03/2023

The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.

Anti-Money Laundering

Star Entertainment Admits to Breaking QLD Casino Laws

By Editors | 20/03/2023

Star pleaded guilty to seven charges of allowing customers to buy chips with credit cards at its Queensland casinos.

Anti-Money Laundering

Jarek Jakubcek Discusses How Binance Works With Law Enforcement

By Editors | 19/03/2023

Jarek Jakubcek, Head of Law Enforcement Training at Binance, discusses working with law enforcement and how the technology used in investigations has evolved over time.

Anti-Money Laundering

AFP Seizes Over A$250m from Money Launderers

By Editors | 18/03/2023

A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.

Anti-Money Laundering

AUSTRAC Accepts Enforceable Undertaking from PayPal

By Editors | 17/03/2023

AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.