Anti-Money Laundering

Anti-Money Laundering

US, UK to Jointly Promote Privacy-Enhancing Tech for AML

By Editors | 15/06/2022

The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.

Anti-Money Laundering

Australian Federal Police Sets Sights on Italian Crime Groups

By Editors | 15/06/2022

Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.

Anti-Money Laundering

FATF Joins UN Counter-Terrorism Coordination Compact

By Editors | 14/06/2022

Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

Anti-Money Laundering

FATF Re-rates UK for Progress on Correspondent Banking

By Editors | 14/06/2022

The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

Anti-Money Laundering

IMF Calls on Philippines to Enhance AML Supervision

By Sanday Chongo Kabange | 14/06/2022

Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

Structural Regulation

UK, Japan Formalise Arrangements on Regulatory Cooperation

By Editors | 13/06/2022

UK and Japan participants agreed to establish an innovation working group to provide a space for collaboration on payments, cryptoassets and financial innovation.

Anti-Money Laundering

Japan Ministry Seeks Powers to Confiscate Crypto Assets

By Editors | 12/06/2022

Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

Anti-Money Laundering

FATF Issues Report on Digital Tools for Law Enforcement

By Editors | 12/06/2022

The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.

Fraud, Scams & Cybercrime

Singapore Police Arrest Eight Involved in SMS Phishing Scams

By Editors | 10/06/2022

The scammers were arrested after more than SGD 60,000 was lost in SMS phishing scams targeting DBS customers.