The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.
March 21, 2023A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.
March 19, 2023Prosecutors had sought a 15 year sentence for Roger Ng, saying he was a central player in the "brazen and audacious scheme" to steal billions of dollars from 1MDB.
March 10, 2023The additional capabilities will help NYDFS detect insider trading, market manipulation, and front-running activity.
February 22, 2023The FCA reportedly directed Barclays to undergo an independent review due to concerns about a large volume of KYC and AML incidents.
February 14, 2023The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.
February 10, 2023With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.
February 7, 2023The Singapore Police Force and the Institute of Singapore Chartered Accountants will cooperate to advance the development of financial forensics in Singapore.
February 3, 2023Out of 143 customers who were subject to periodic reviews between June 2016 and May 2017, there were delays in 121 customers - of which 58 were of high risk.
February 1, 2023The APAC Chapter is led by DBS Bank's Debra Au and Westpac's Jodie Arthur serving as co-chairs, and Napier's Robin Lee serving as vice chair.
January 13, 2023