Anti-Money Laundering

Anti-Money Laundering

Lessons from Cryptoassets in the Fight Against Financial Crime

By David Carlisle | 01/12/2020

Elliptic’s David Carlisle and Onchain Custodian’s El Lee discuss opportunities for the banking and cryptoasset industries to learn from one another in the fight against financial crime.

Anti-Money Laundering

UK Crime Agency Reveals Progress of SARs Reform Programme

By Editors | 29/11/2020

Law enforcement will get a new single interface providing access to search, analysis and visualisation tools. SARs reporters will see the SAR Online portal upgraded.

Anti-Money Laundering

Cambodia Enacts Law to Regulate Local Gaming Industry

By Sanday Chongo Kabange | 29/11/2020

The new law seeks to address a FATF requirement for Cambodia to implement risk-based supervision for casinos, while also helping to further develop the gaming sector.

Anti-Money Laundering

Philippines Approves House Bill to Strengthen AML Law

By Editors | 26/11/2020

The amendments will bring precious metals dealers, casinos and real estate brokers and developers into scope under the Anti-Money Laundering Act.

Anti-Money Laundering

RBNZ Investigates Two Banks Over AML Compliance

By Editors | 26/11/2020

The RBNZ is also looking into compliance issues eight banks have identified with transaction reporting requirements over the past six months.

Anti-Money Laundering

AUSTRAC Reports on Fintel Alliance Efforts to Combat Criminal Threats

By Manesh Samtani | 25/11/2020

AUSTRAC has developed an algorithm that enables Fintel Alliance to detect suspicious financial patterns while protecting the privacy of underlying reporting entities and personal data.

Anti-Money Laundering

NSW Police, AUSTRAC Disrupt Money Laundering Operation

By Editors | 25/11/2020

Two men have been arrested and charged over illegal transfers of currency into offshore accounts as part of an investigation that began in June.

Anti-Money Laundering

FATF President Calls on G20 to Fully Implement AML Standards

By Manesh Samtani | 24/11/2020

Marcus Pleyer says not all G20 members have taken effective action to make a real difference, despite their public calls for full implementation of the FATF standards.

KYC & CDD

South Pacific Nations Complete First Phase of KYC Facility Project

By Editors | 22/11/2020

The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.