Anti-Money Laundering

Anti-Money Laundering

INTERPOL Launches Global Money Mule Awareness Campaign

By Editors | 15/08/2022

The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

Anti-Money Laundering

INTERPOL Calls for Urgent Action to Tackle Pollution Crime

By Sanday Chongo Kabange | 12/08/2022

Document fraud, tax evasion, money laundering and corruption are common components of pollution crimes, which often have a nexus with organised crime.

Cryptocurrency

FSC Korea Starts Work on New Crypto Legislation

By Editors | 12/08/2022

The new “Digital Assets Basic Act” is likely to adopt various measures from 13 bills already proposed by lawmakers and pending in the National Assembly.

Anti-Money Laundering

Former BitMEX Exec to Pay Fine for Violating AML Law

By Editors | 11/08/2022

The US Attorney previously secured judgments against the firm’s three co-founders for violating US derivatives laws and AML rules.

Structural Regulation

Taiwan to Allow Securities Firms to Offer More Trust Products

By Darien Choong | 10/08/2022

Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers’ financial planning needs, the FSC said.

PEPs & Sanctions

OFAC Sanctions Crypto Mixing Service Tornado Cash

By Manesh Samtani | 09/08/2022

The US Treasury Department says Tornado Cash has been used to launder over USD 7 billion worth of crypto since it was created in 2019.

Anti-Money Laundering

US Secures Extradition of Former Crypto Exchange Operator

By Editors | 09/08/2022

Alexander Vinnik is alleged to have laundered more than $4bn through a crypto exchange he operated known as BTC-e until it was shut down in 2017.

Anti-Money Laundering

New York State Regulator Penalises Robinhood Crypto Unit

By Editors | 04/08/2022

Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.

Anti-Money Laundering

FFIS Takes Stock of AML & Fraud Data Sharing Platforms

By Editors | 03/08/2022

New paper covers 15 different private-private financial information sharing platforms across the US, UK, Singapore, the Netherlands, Switzerland, Estonia and Australia.