All posts tagged "Money Laundering"
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95AML / KYCSingapore Court Jails Money Mule for Over 3.5 Years
The woman received more than S$730,000 in criminal proceeds in various bank accounts she set up for her "online lover".
April 14, 2021 -
350AML / KYCFATF President Calls for Rethink of Regulatory Culture
Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.
April 9, 2021 -
149AML / KYCSG Police Investigate Over 300 Individuals in Cases of Scams
The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.
March 31, 2021 -
157AML / KYCFirst North Korean Set to Face US Money Laundering Charges
Extradited to the US two years after his arrest in Malaysia, the North Korean national will face charges for money laundering, evading sanctions, and defrauding banks.
March 25, 2021 -
138AML / KYCBangladesh TBML Rule Makes Mis-invoicing a Jailable Offence
A new Finance Ministry order makes incorrect declaration on exports, imports and investment abroad a jailable offence.
March 23, 2021 -
195AML / KYCAUSTRAC Questioned on Handling of Drug Money Case
AUSTRAC reportedly said it has not taken action against the banks involved because they did not have reason to be suspicious of the transactions and they aided the investigation.
March 22, 2021 -
133AML / KYCFCA Files Criminal Proceedings Against NatWest for AML Failures
NatWest is facing criminal charges for not adequately monitoring and scrutinising large payments into a corporate client's accounts.
March 19, 2021 -
120Asia-PacificBOT Warns Against THB-Denominated Stablecoin
A stablecoin denominated in Thai baht has been developed overseas. Any activity involving the stablecoin is deemed illegal.
March 18, 2021 -
185AML / KYCSFC Fines Yardley Securities for AML/CFT Breaches
Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.
March 18, 2021 -
166AML / KYCFintel Alliance Secures Win Against ‘Cuckoo Smurfing’ Syndicate
ANZ’s link analysis capability allowed the rapid interrogation of combined banking datasets, which led to the arrests of five individuals involved in an international cuckoo smurfing syndicate.
March 17, 2021
