Anti-Money Laundering

Anti-Money Laundering

The Corruption Perception Index & Australia’s Tranche 2 AML Legislation

By Julian Fenwick | 15/02/2023

Australia’s delays in passing Tranche 2 legislation compared with swift implementation in New Zealand highlights different approaches between the two countries, says Julian Fenwick.

Anti-Money Laundering

EU Adds Four Countries to List of Uncooperative Tax Jurisdictions

By Editors | 15/02/2023

BVI, Costa Rica, Marshall Islands and Russia were added to the list. Hong Kong and Malaysia were granted an extension to complete reforms.

KYC & CDD

FCA Investigating Barclays for KYC and AML Incidents

By Editors | 14/02/2023

The FCA reportedly directed Barclays to undergo an independent review due to concerns about a large volume of KYC and AML incidents.

Anti-Money Laundering

BIS Innovation Hub to Study Use of Data Technologies for AML

By Editors | 12/02/2023

Project Aurora will study privacy-enhancing technologies, machine learning methods, network analysis, the use of additional data sources, and “machine-readable typologies”.

Anti-Money Laundering

Russian National Pleads Guilty to Money Laundering Conspiracy

By Editors | 11/02/2023

The Russian national and unnamed co-conspirators allegedly laundered at least USD 70 million in ransom proceeds using cryptocurrency.

Anti-Money Laundering

Japan FSA Issues Draft Rules for Travel Rule Implementation

By Editors | 10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Anti-Money Laundering

HKMA Updates Guidance on Transaction Monitoring, Screening, Reporting

By Manesh Samtani | 10/02/2023

A key objective of the update is to support greater use of technology to generate targeted alerts and more actionable intelligence, the HKMA said.

Anti-Money Laundering

Swiss Prosecutors Investigate Credit Suisse’s 2022 Data Leak

By Sanday Chongo Kabange | 08/02/2023

The investigation centres on suspected acts of corporate espionage, breach of trade secrets and violations of banking secrecy laws.

Anti-Money Laundering

India Orders Ban on Over 200 Betting and Loan Apps

By Editors | 08/02/2023

The move follows several arrests and raids on payment firms last year connected to a probe into money laundering by loan companies said to be controlled by Chinese individuals.