All posts tagged "forfeiture"
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488AML / KYCUK Unveils Legislative Agenda for Financial Services, Markets
The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.
May 13, 2022 -
275AML / KYCAFP Wins First Asset Confiscation Case Under Operation Ironside
A$6mn in cash obtained as a result of the forfeiture order will be redistributed to support crime prevention, law enforcement and related community initiatives.
October 1, 2021 -
303AML / KYCUS DOJ Links Singapore, Hong Kong to Tax Evasion Case
An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.
September 30, 2021 -
363AML / KYCPhilippine AMLC Amends AML/CTF Guidelines for DNFBPs
The revisions broaden the scope to include newly covered persons and add a new section on the implementation of the targeted financial sanctions, among other changes.
June 11, 2021 -
192AML / KYCAPG Publishes 2nd Follow-up Report on Pakistan
Pakistan had requested a re-rating on 23 FATF Recommendations: 21 were upgraded, one was not re-rated, and one was downgraded.
June 5, 2021 -
431AML / KYCUS DOJ Penalises Swiss Life for Facilitating Tax Evasion
Swiss Life and its subsdiaries created and marketed insurance products specially designed for US persons seeking to hide offshore assets and evade tax.
May 17, 2021 -
406AML / KYC
Pakistan to Pass Two New Laws to Meet FATF Action Plan
The laws cover the handling of forfeited properties and assets, and the transfer of money laundering cases to specialised agencies.
May 15, 2021
