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Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Cryptocurrency
Official Media Confirms China Bitcoin Ban Only Temporary
By Editors | 09/10/2017
Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.
KYC & CDD
Standard Chartered Guernsey-Singapore Transfers Under Investigation
By Editors | 09/10/2017
Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.
Anti-Money Laundering
Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime
By Editors | 05/10/2017
Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.
Anti-Money Laundering
China Raises AML Concerns About Non-financial Sectors
By Editors | 05/10/2017
PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.
Anti-Money Laundering
Chinese Money Laundering or Capital Transfer – ‘Vive la Différence’
By Editors | 02/10/2017
Financial technology and digital payment systems are abetting the greatest money laundering campaign in the history of finance.
Anti-Money Laundering
AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia
By Editors | 18/09/2017
Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.
Anti-Money Laundering
Indonesia Tightens AML Rules to Address Fintech Complexity
By Editors | 14/09/2017
Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.
Anti-Money Laundering
Hong Kong’s Changing AML Landscape
By Kane Mak | 13/09/2017
AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.
Anti-Money Laundering
Top PBOC Official Makes AML Powerplay
By Editors | 13/09/2017
Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
Anti-Money Laundering
Philippines Banker Indicted for Bangladesh Heist Role
By Editors | 11/09/2017
Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
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