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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.
Cryptocurrency
Taiwan FSC to Develop Regulatory Guidelines for Crypto Industry
By Editors | 31/03/2023
The guidelines will cover information disclosures, product listings, customer asset segregation, money laundering prevention, consumer protection, and information security, among other areas.
Anti-Money Laundering
UK Unveils New Plan to Tackle Economic Crime
By Sanday Chongo Kabange | 31/03/2023
The plan involves hiring 475 specialist investigators, investing in technology and data analytics, and establishing a new multi-agency crypto cell.
Anti-Money Laundering
Kuwait Court Sentences Defendants in 1MDB Case
By Editors | 31/03/2023
The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.
Anti-Money Laundering
Credit Suisse Violated 2014 Plea Deal with US DOJ
By Manesh Samtani | 30/03/2023
UBS could be forced to pay US authorities $1.3bn – the amount Credit Suisse had discounted from its 2014 plea deal.
Fraud, Scams & Cybercrime
Five Banks Searched in French Tax Fraud Probe
By Editors | 29/03/2023
Four major French banks and a foreign bank were targeted by simultaneous searches related to the so-called “Cum-Ex” tax scandal.
Anti-Money Laundering
EBA Drafts Amendments to AML Guidance to Account for Crypto Risks
By Mark Johnston | 29/03/2023
The amendments are part of efforts to implement MiCA, which is due to be voted on in April.
Anti-Money Laundering
JPMorgan’s Dimon to Give Sworn Deposition for Epstein Lawsuits
By Editors | 29/03/2023
Last week, a judge ruled that JPMorgan Chase and Deutsche Bank must both face sex trafficking lawsuits related to the late Jeffrey Epstein.
KYC & CDD
FinCEN Issues Guidance on Reporting Beneficial Ownership
By Editors | 29/03/2023
The guidance is intended to help businesses understand new beneficial ownership information reporting requirements that come into effect on 1 January 2024.
Anti-Money Laundering
26 Countries Commit to Transparent Beneficial Ownership
By Manesh Samtani | 29/03/2023
The US-led initiative commits participating countries to implementing the FATF’s revised Recommendation 24 to combat corruption.
Anti-Money Laundering
EU Lawmakers Agree New AML/CFT Rules
By Editors | 29/03/2023
Members of the European Parliament approved draft AML/CFT legislation, including plans for the new Anti-Money Laundering Authority.
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