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Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Cryptocurrency
Nasdaq Publishes Guide on Global Crypto Regulation
By Editors | 14/04/2022
Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.
PEPs & Sanctions
Man Jailed for Attempting to Help DPRK Evade Sanctions with Crypto
By Editors | 14/04/2022
The DOJ says known hacker Virgil Griffith was developing crypto infrastructure in North Korea and attempting to broker introductions to service providers to facilitate sanctions evasion.
Anti-Money Laundering
AUSTRAC Offers Update on Work to Enhance Reporting System
By Editors | 13/04/2022
The IFTI-E schema version 2.0 will be finalised in the next few months. This will be used to enable the upload of IFTI-E reports through a new API and user interface.
Anti-Money Laundering
Philippine NPO Sector Rated as Medium Risk for Terrorist Financing
By Sanday Chongo Kabange | 12/04/2022
The SEC warns that suspected or actual misuse of the NPO sector for terrorism financing can present serious ramifications for an NPO’s intended beneficiaries.
Anti-Money Laundering
AUSTRAC Issues Guidance on Engaging AML/CTF Advisers
By Editors | 11/04/2022
Without endorsing any AML/CTF adviser, AUSTRAC says it recognises the benefits and efficiencies that can be gained by firms from engaging third party consultants.
Anti-Bribery & Corruption
New York Court Convicts Ex-Goldman Exec in 1MDB Case
By Editors | 11/04/2022
Following an eight-week trial, former Goldman Sachs managing director Roger Ng was convicted on charges of bribery and money laundering. He faces up to 30 years in prison.
Anti-Money Laundering
Singapore Court Upholds Convictions of Russian, Singapore Nationals
By Editors | 08/04/2022
The two men served as resident directors for companies, declaring themselves rather than their Russian clients as the beneficial owners.
CBDCs
European Commission Launches Targeted Consultation on Digital Euro
By Editors | 07/04/2022
The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.
PEPs & Sanctions
US, German Authorities Target World’s Largest Darknet Market
By Manesh Samtani | 07/04/2022
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
Anti-Money Laundering
Singapore Jails Man for Money Laundering, Email Fraud
By Editors | 07/04/2022
The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.
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