All posts tagged "Financial Intelligence Unit"
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337AML / KYCChina, UAE Agree to Exchange Intelligence on AML Investigations
The FIUs in China and the UAE will exchange information on investigations concerning money laundering, terrorist financing, and the persons or entities involved.
August 9, 2021 -
981AML / KYCBangladesh Issues Guidelines on Trade-based Money Laundering
The guidelines require banks to develop written policies and procedures to assess and mitigate money laundering risks arising from their trade-related customers and activities.
December 17, 2019 -
677AML / KYCNew Zealand Police Releases AML/CTF Assessment
NZ Police assessment identified trusts as attractive money laundering vehicles given government plans to exclude them from strengthened beneficial ownership disclosure regime
December 4, 2019 -
848Fintech / RegtechKorea to Establish Legal Basis for Cryptocurrency Investment
A bill passed by the national policy committee will subject digital asset businesses to penalties for not meeting FATF standards in their oversight systems for preventing money laundering.
November 27, 2019 -
1.7KAML / KYCFATF Releases Mutual Evaluation Report on China
Some of the gaps identified relate to an insufficient focus on non-financial businesses and professions, difficulties identifying beneficial ownership, and an inadequate sanctions framework.
April 19, 2019 -
1.5KAML / KYCUN Security Council Resolution Targets Terrorism Financing
The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.
April 1, 2019 -
845Asia-Pacific
Philippines’ RCBC Sues Bangladesh Bank for Defamation
In the latest twist in the Bangladesh Bank cyber heist saga, Philippine lender Rizal Commercial Banking Corp has filed a defamation suit against Bangladesh's central bank.
March 15, 2019 -
1.3KAML / KYC
FATF Commends China, Sri Lanka; Watchlists Cambodia
The Financial Action Task Force has marked the end of its fourth round of mutual evaluations with an announcement of its latest plenary session last week.
February 26, 2019 -
1.5KAML / KYCSingapore Toughens Penalties for AML/CTF Offences
Penalties are being raised for AML/CTF offences and failures to file suspicious transaction reports, while Singapore also expands on its arrangements with foreign FIUs.
November 21, 2018 -
642AML / KYCSri Lanka Investigating “Suspicious” Chinese-held Bank Accounts
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
April 2, 2018
