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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 Plenary: Cameroon, Croatia and Vietnam Added to Grey List
By Manesh Samtani | 26/06/2023
The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.
Anti-Money Laundering
Switzerland Freezes $26m in Crypto Linked to Terra Collapse
By Editors | 25/06/2023
The assets, held at digital asset bank Sygnum, were frozen in response to a request from US and Korean authorities.
Anti-Money Laundering
US, EU Push for UAE Removal from FATF Gray List
By Editors | 23/06/2023
Some officials have reportedly been pushing for UAE to be removed from the FATF’s grey list. The country could be removed in as soon as a few months.
PEPs & Sanctions
Swedbank to Pay $3.4m to Settle Liability for Sanctions Violations
By Mark Johnston | 23/06/2023
Swedbank Latvia sent send payments to persons in Crimea through US correspondent banks in violation of OFAC sanctions.
Anti-Money Laundering
Senate Committee to Investigate Perth Mint’s AML Compliance
By Editors | 22/06/2023
The Senate voted to set up the inquiry into Perth Mint, without support from the federal Labor government.
Anti-Money Laundering
MAS Fines Three Banks and an Insurer for AML Breaches
By Karen Ng | 22/06/2023
The institutions had “inadequate AML/CFT controls in place” when they dealt with persons who were involved in Wirecard-related transactions.
Cryptocurrency
Cuscal Introduces New Requirements for Crypto Firms in Australia
By Ranamita Chakraborty | 22/06/2023
Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.
Fraud, Scams & Cybercrime
Terra Founder Jailed for Four Months in Montenegro
By Mark Johnston | 22/06/2023
Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.
Anti-Money Laundering
Indonesia OJK Issues New AML/CFT/CPF Regulations
By Sanday Chongo Kabange | 22/06/2023
OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.
Anti-Money Laundering
AMLC Sheds Light on Terrorism Financing Threats Facing Philippines
By Editors | 21/06/2023
New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.
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