Financial Crime

Anti-Money Laundering

Singapore Sentences 9th Individual in Money Laundering Case

By Manesh Samtani | 10/06/2024

Wang Dehai was sentenced to 16 months in prison; 17 other suspects at large overseas; Deposits involved in the case were held at 16 banks.

PEPs & Sanctions

Myanmar NUG Seeks to Recover $1b Frozen at NY Fed

By Editors | 10/06/2024

Myanmar’s National Unity Government is seeking the return of funds that were frozen in the US after the 2021 military coup.

Fraud, Scams & Cybercrime

RBI to Set Up Digital Platform to Minimise Payment Fraud

By Ajoy K Das | 10/06/2024

The RBI said the platform will allow “network level intelligence and real-time data sharing across the digital payments’ ecosystem”.

PEPs & Sanctions

G7 Expected to Issue Warning to Chinese Banks This Week

By Editors | 09/06/2024

G7 leaders are expected to issue public statements this week warning smaller Chinese banks about the help they provide to Russia.

PEPs & Sanctions

DOJ Secures Guilty Plea in Russia Export Control Case

By Editors | 08/06/2024

A US-Russian national sent firearm parts, components, and ammunition from the US to Russia, including via Kazakhstan.

PEPs & Sanctions

IAEA Issues Resolution Calling for Cooperation from Iran

By Manesh Samtani | 08/06/2024

When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.

PEPs & Sanctions

Whistleblower Alleges AWS Breached UK Sanctions – Report

By Editors | 08/06/2024

A former AWS employee alleges he was unfairly dismissed for raising concerns about facial recognition technology being illegally supplied to Russia.

Anti-Money Laundering

Australia Court Orders SkyCity to Pay A$67m AML Penalty

By Sanday Chongo Kabange | 07/06/2024

SkyCity’s failures “over many years allowed high-risk customers to move millions of dollars through the casino”.

KYC & CDD

SEBI Directs KRAs to Integrate with Central KYC Registry

By Ajoy K Das | 07/06/2024

KYC Registration Agencies will have to integrate their systems with the CKYCRR and start uploading data from 1 August.