Financial Crime

Anti-Money Laundering

Tookitaki Recognised for Innovative Use of AI & Machine Learning

By Editors | 15/12/2020

Tookitaki uses automated machine learning to fundamentally change the way financial institutions use typologies to detect financial crime.

Anti-Money Laundering

Cylynx Named ‘One to Watch’ in Blockchain Transaction Monitoring

By Editors | 15/12/2020

Cylynx provides an AI-based automated blockchain monitoring platform that helps cryptocurrency exchanges comply with incoming AML/CTF requirements.

Anti-Money Laundering

Identitii Named ‘One to Watch’ in AML/CTF Reporting

By Editors | 15/12/2020

Identitii automates the identification of reportable and non-reportable transactions, and helps firms ensure completeness and accuracy of AML/CTF reporting.

Anti-Money Laundering

AUSTRAC Releases Risk Assessment of Junket Tour Operators

By Sanday Chongo Kabange | 15/12/2020

AUSTRAC expects casinos to use the risk assessment to protect their businesses and communities from criminal threats such as money laundering.

KYC & CDD

PBOC Approves Establishment of Second Personal Credit Agency

By Editors | 14/12/2020

The agency will be jointly owned by the Beijing government, JD.com, Xiaomi and facial recognition start-up Megvii Technology.

Market Abuse

South Korea to Punish Illegal Short Sellers with Jail Time

By Editors | 13/12/2020

Under a revision bill that could take effect by Q2, naked short sellers will face up to a year in jail or up to five times profits on a trade.

PEPs & Sanctions

No Banks Subject to HKAA Secondary Sanctions: US Treasury

By Manesh Samtani | 13/12/2020

In a report to Congress, the Treasury said it has not identified any foreign FIs that “knowingly” conducted significant transactions with the ten individuals sanctioned in October.

Anti-Money Laundering

Australia: AML Bill Passes Senate, DNFBP Amendment Rejected

By Manesh Samtani | 13/12/2020

An AML bill introduced last October has passed the Senate but without last month’s amendment to include real estate agents, accountants, lawyers.

PEPs & Sanctions

S&P DJI Announces Removal of Chinese Companies from Indices

By Editors | 13/12/2020

The move follows last month’s executive order prohibiting US persons from purchasing securities of companies identified as being owned or controlled by China’s military.