All posts tagged "AML"
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185AML / KYCMAS Penalises Bank J. Safra Sarasin for SoW/SoF Failures
The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.
April 15, 2021 -
81AML / KYCDigital ID Perceived As Beneficial in Combatting Financial Crime
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
April 15, 2021 -
95AML / KYCSingapore Court Jails Money Mule for Over 3.5 Years
The woman received more than S$730,000 in criminal proceeds in various bank accounts she set up for her "online lover".
April 14, 2021 -
125AML / KYCSingapore Court Charges Five Over Shell Company Activity
Between 2016 and 2019, eight police reports were filed by victims who were deceived into wiring around $1.7mn into the bank accounts of Singapore-registered shell companies.
April 13, 2021 -
54InternationalG20 to Use All Available Policy Tools for As Long As Required
G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.
April 12, 2021 -
352AML / KYCFATF President Calls for Rethink of Regulatory Culture
Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.
April 9, 2021 -
167AML / KYCSydney Court Jails Man for Cryptocurrency Money Laundering
The man used other people's identities to set up accounts with a cryptocurrency provider, which he used to withdraw stolen bitcoin.
April 9, 2021 -
79AML / KYCPhilippines Expands AML Rules to Financing, Lending Firms
All financing and lending companies are required to register with the AMLC, report suspicious transactions and comply with other AML/CTF rules.
April 8, 2021 -
115AML / KYCFinCEN Consults on Beneficial Ownership Reporting Requirement
FinCEN is asking for written comments on the implementation of the beneficial ownership information reporting of the Corporate Transparency Act.
April 8, 2021 -
112AML / KYCJapan Crypto Industry to Adopt Travel Rule by April 2022
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan's crypto industry.
April 7, 2021
