All posts tagged "Money Laundering"
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167AML / KYCHK Police Arrest Bank Staff for Money Laundering – Report
The 7 individuals arrested are said to have helped a member of an international money laundering syndicate open at least 14 bank accounts.
January 21, 2021 -
96AML / KYCChina Shuts Down Cross-border Gambling, Payments Platforms
The Ministry of Public Security arrested over 75,000 suspects and shut down thousands of online gambling platforms, payment platforms and underground banks in 2020.
January 21, 2021 -
130AML / KYCAustralian Border Force Disrupts Money Laundering by Drug Cartels
9 Australian and 7 international banks were used to launder A$500mn in illegal profits from the drug trade between 2014 and 2017.
January 20, 2021 -
130AML / KYCUPDATED: Philippine Senate Approves Amendments to AML Law
The approval comes ahead of an evaluation by the FATF, slated for February, as the Philippines seeks to avoid being gray-listed.
January 19, 2021 -
178AML / KYCHK Customs Flags Money Laundering Risk from Money Changers
Amid the pandemic, some criminal actors have turned to licensed money changers, who were more easily lured into criminal activities as their businesses suffer.
January 8, 2021 -
217AML / KYCPBOC Revises AML Rules to Enhance Supervisory Scope
With continuous innovation in the financial sector and the emergence of new types of financial businesses, it is necessary to improve the scope of AML supervision, the PBOC says.
January 2, 2021 -
103AML / KYCSingapore Police Commend Citi, RHB Bank for Foiling Scam
Upon being alerted to a suspected case of money laundering by Citi, the Police's Anti-Scam Centre froze the funds and recovered $1.9mn.
December 30, 2020 -
350AML / KYCFATF Warns of Continued Criminal Exploitation of Covid-19
The effective use of technology to support onboarding and ensure effective information sharing has become even more important, the FATF says.
December 18, 2020 -
142AML / KYCAUSTRAC Releases Risk Assessment of Junket Tour Operators
AUSTRAC expects casinos to use the risk assessment to protect their businesses and communities from criminal threats such as money laundering.
December 15, 2020 -
673AML / KYC
FATF Releases New Report on Trade-based Money Laundering
A key finding of the report is that greater awareness about all aspects of the trade process would likely increase opportunities to detect and disrupt TBML.
December 9, 2020
