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AML / KYC
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.
Big Picture
APAC Overtook US in AML Penalties For 2020: Fenergo
By Editors | 10/12/2020
APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
AML / KYC
FATF Releases New Report on Trade-based Money Laundering
By Editors | 09/12/2020
A key finding of the report is that greater awareness about all aspects of the trade process would likely increase opportunities to detect and disrupt TBML.
AML / KYC
Combatting TBML Through Collaboration and Technology
By Henry Roxas | 09/12/2020
R3’s Henry Roxas describes the complexities of trade-based money laundering in Asia and the importance of collaboration to tackle the problem once and for all.
AML / KYC
The Best Weapon to Shut Down the Illegal Wildlife Trade
By Steve Galster | 07/12/2020
Freeland’s Steve Galster discusses new initiatives to stop illegal wildlife traffickers by hitting them where it hurts the most – in their bank accounts – and how financial institutions can help.
AML / KYC
FATF Consults on AML/CTF Frictions in Cross-border Payments
By Editors | 01/12/2020
The FATF seeks feedback to help identify how divergent AML/CFT measures adopted at the national level add to the challenges of cross-border payments.
AML / KYC
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.
AML / KYC
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.
AML / KYC
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.
AML / KYC
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.
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