All posts tagged "Bank Accounts"
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487AML / KYC20 Year Old Pleads Guilty in OCBC Phishing Scam Case
The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.
April 21, 2022 -
339AML / KYCAUSTRAC Issues Financial Crime Guide on Disaster Payments Fraud
The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.
December 13, 2021 -
262AML / KYCSingapore Court Jails Russian National for Deceiving Banks
The banks were deceived regarding true beneficial ownership in their decision to open bank accounts between 2014 to 2017.
September 9, 2021 -
297AML / KYCSingapore: Woman Jailed for Helping to Launder Scam Proceeds
Rohaiza Alap provided 25 bank accounts to scammers to launder S$2mn out of Singapore. She also recruited others to act as money mules.
August 5, 2021 -
569AML / KYCAUSTRAC Publishes Guidance on Detecting Cuckoo Smurfing
The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
June 7, 2021 -
145AML / KYCHK Customs Arrests Two for Laundering $5.6 Million
Two people were arrested for using personal bank accounts to receive payments from the sale of counterfeit goods and launder money.
June 7, 2021 -
416AML / KYCHong Kong: Six Arrested for Laundering HK$2.5bn
The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.
April 26, 2021 -
353AML / KYCSG Police Probe 31 Individuals for China Official Impersonation Scams
Victims were instructed to surrender money for fake investigations after being told their bank accounts were involved in money laundering activities.
April 20, 2021 -
526AML / KYCTravel Restrictions Holding Up Wealth Management Connect
PBOC official Bai Hexiang said the Wealth Management Connect scheme can be implemented once people can travel freely between Hong Kong, Macau and the mainland.
March 11, 2021 -
887AML / KYC
HK Police Arrest Three in HK$54m Money Laundering Case – Report
Money stolen through telephone and online scams was laundered through at least three layers of bank accounts in Hong Kong within hours before being funnelled out of the city.
May 17, 2020
