All posts tagged "Money Laundering"
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33AML / KYCKorea, UAE to Strengthen Cooperation on AML Efforts
KoFIU and UAE’s FIU have signed an MoU agreeing to strengthen bilateral cooperation and exchange AML/CTF information.
October 28, 2021 -
189AML / 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 -
161AML / KYCAUSTRAC Seizes Star Casino Files in Money Laundering Probe
AUSTRAC is reported to be building a case against Star Entertainment Group over alleged shortcomings in its AML/CTF controls.
October 20, 2021 -
169AML / KYCIndia, US Pledge to Take Stronger Action Against Financial Crime
Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
October 20, 2021 -
278AML / KYCFATF Re-rates China on Six Recommendations
The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021 -
201AML / KYCUS DOJ Creates National Cryptocurrency Enforcement Team
The NCET will cooperate with international law enforcement agencies as well as private sector actors to target the criminal misuse of cryptocurrency.
October 8, 2021 -
170AML / KYCGermany’s BaFin Fines N26 Over Weak AML Controls
The €4.25mn fine was paid in July but only made public by BaFin on 29 September. N26 says it already addressed the problems.
October 8, 2021 -
216AML / KYCNew Zealand Consults on Broad Changes to AML/CFT Act
Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021 -
263AML / KYCMAS Examining Asiaciti Trust Revelations in Pandora Papers
The Pandora Papers show that Singapore firm Asiaciti Trust had helped politicians and public officials set up trusts and shell companies in secrecy jurisdictions.
October 6, 2021 -
299AML / KYCLack of Crypto Regulation Presents Financial Stability Risk: IMF
The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
October 6, 2021
