Lawyers, real estate agents, investment advisers, and bank employees have repeatedly facilitated money laundering through US real estate by HNWIs and PEPs.
August 13, 2021Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
July 29, 2021Sight unseen real estate purchases are an attractive method of money laundering and terrorism financing, the Department of Internal Affairs says.
July 13, 2021The inquiry will examine the impacts of bringing DNFBPs into scope under Australia's AML/CTF regime, including AUSTRAC's capacity to regulate 100,000 more entities.
June 25, 2021KYC for onboarding and customer risk profiling were cited as the biggest challenges for APAC financial institutions in a LexisNexis Risk Solutions study.
June 12, 2021AUSTRAC has launched enforcement investigations into Crown Perth, The Star Sydney and SkyCity Adeliade over their dealings with high-risk customers and PEPs.
June 8, 2021Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.
May 24, 2021Australian Military Bank is required to conduct a risk assessment, and then work to improve its KYC, transaction monitoring, EDD, and reporting systems.
May 6, 2021FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.
April 3, 2021MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.
March 29, 2021