All posts tagged "gambling"
-
621AML / KYCHK Police Arrest 17 for Using Virtual Banks to Launder Money
The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.
May 17, 2022 -
394AML / KYCAUSTRAC Enhances MOU with Victoria Casino Regulator
The Victorian Gambling and Casino Control Commission will be provided designated access to AUSTRAC’s financial intelligence database.
April 28, 2022 -
429AML / KYCBillionaire’s Arrest Signals China’s Intent to End Cross-Border Gambling
Suncity Group's Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal "live web betting platform" in the Philippines, targetting customers in mainland China.
December 5, 2021 -
376AML / KYCAUSTRAC Publishes Guidance on Geographical Link Test
The geographical link test helps firms that provide designated services determine whether they have AML/CTF obligations in Australia.
October 21, 2021 -
176ChinaPBOC Tightens Rules on Use of Payment Acceptance Terminals
The geographical location of bank card and barcode payment acceptance terminals must be established and monitored to ensure consistency with the merchant's registered location.
October 18, 2021 -
350Asia-PacificPhilippine SEC Warns Against Dealing with Unlicensed Entities
The SEC has warned against dealing with unlicensed forex brokers, crypto exchanges, and DeFi platforms among others.
September 22, 2021 -
166IndiaRBI Issues Consultation on Overseas Investments Rules
The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.
August 12, 2021 -
334AML / KYC
Stablecoins Increasingly Used in Money Laundering, PBOC Says
PBOC governor Fan Yifei says stablecoins are increasingly being used as a tool for illegal activities and money laundering.
July 12, 2021 -
410AML / KYC
Macau Amends Legal Framework to Enable Digital Yuan Adoption
Use of the fully traceable digital yuan will help Chinese authorities curb money laundering and illicit cross-border gambling.
April 28, 2021 -
274AML / KYCBSP Warns Banks Against Unlicensed Gaming Operators
FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.
February 11, 2021
