KYC & CDD

KYC & CDD

Singapore Jeweller Charged for Not Performing CDD Checks

By Nithya Subramanian | 13/05/2024

The jeweller failed to undertake customer due diligence checks when there was reason to suspect money laundering.

Anti-Money Laundering

New Zealand DIA Issues Formal AML Warning to Lawyer

By Sanday Chongo Kabange | 13/05/2024

The lawyer failed to establish, implement and maintain an AML/CFT programme, conduct on-going CDD, and report transactions.

KYC & CDD

RBI Lifts Restrictions on Bank of Baroda Mobile App

By Ajoy K Das | 12/05/2024

The bank was barred from onboarding customers on its ‘BoB World’ app following misuse by employees.

Anti-Money Laundering

FIs Exposed to Land Conversion-related Financial Crime Risk

By Manesh Samtani | 09/05/2024

WWF-UK and Themis have identified vulnerabilities when it comes to handling the proceeds of land conversion-related financial crimes.

Anti-Bribery & Corruption

US Court Ends Goldman Criminal Case Over 1MDB Work

By Nithya Subramanian | 08/05/2024

Brooklyn federal court dismissed a bribery conspiracy charge against Goldman following the completion of its three-year DPA.

KYC & CDD

BNP Paribas Becomes Latest LEI Validation Agent

By Editors | 08/05/2024

BNP Paribas is the first G-SIB headquartered in the EU to join GLEIF’s Validation Agent programme.

Fraud, Scams & Cybercrime

Thailand Targets Mule Accounts in Scam Crackdown

By Mark Johnston | 07/05/2024

Over 300,000 mule accounts have been closed since November. Further measures to address mule accounts in development.

Anti-Money Laundering

EBA’s New AML Database Set to Start Receiving Personal Data

By Editors | 05/05/2024

EuReCA was launched by the EBA in January 2022, but has so far not yet been able to collect personal data from EU supervisors.

KYC & CDD

New Zealand Regulators Issue Updated CDD Guidelines

By Editors | 03/05/2024

Updated guidelines on beneficial ownership, company CDD, and enhanced CDD. New guideline on CDD for limited partnerships.