All posts tagged "STR"
-
306AML / KYCSingapore Court Charges Property Agent for Failing to File STR
The agent collected a bag of cash for a property purchase. It was later discovered that the purchaser was an undischarged bankrupt and operated illegal gambling dens.
October 26, 2021 -
384AML / KYCKoFIU’s New AML System Showing ‘Significant Improvements
The new STR filing system and the screening and analysis process have been made more efficient, while guaranteeing better system security and stability.
March 9, 2021 -
338AML / KYCSingapore Police Set to Charge Suspect in Covid-19 Scam
Last March, the suspect used the identity of a legitimate company to advertise and sell surgical masks and hand sanitisers that were never delivered.
February 25, 2021 -
518AML / KYCKorea’s FIU Upgrades AML System to Boost Processing Capacity
The upgraded AML system has increased KoFIU's processing capacity by about five times, helping it address an increasing number of suspicious transaction reports it receives.
December 18, 2020 -
3.5KAML / KYCCrypto Industry Responds to FATF Red Flag Report
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
September 29, 2020 -
1.2KAML / KYCFATF Offers Policy Guidance for Managing Covid-19 Related AML Risks
FATF describes the ways in which AML/CFT policy responses can help support implementation of Covid-19 response measures, while also managing new risks and vulnerabilities.
May 5, 2020 -
746AML / KYCMAS Publishes Responses to VCC Consultation Papers
VCCs are required to engage an Eligible Financial Institution, or EFI, to perform necessary AML/CFT checks and maintain the register of controllers, nominee directors and beneficial owners.
January 16, 2020 -
3.0KAML / KYCSingapore’s UOB Integrates Machine Learning in AML Systems
Collaboration with regtech firm Tookitaki has enabled deeper and broader analyses of data sets which can be applied to all processes within AML framework.
August 24, 2018 -
AML / KYC
Self-Regulatory Framework Proposed for Korea’s Crypto Exchanges
Framework proposed by Korean Blockchain Association proposes includes $1.8mn minimum equity capital, five year storage of transaction records , ethical charter to prevent insider trading.
April 19, 2018 -
1.2KAML / KYCNew Rules for Australian Crypto Exchanges Take Effect
Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.
April 5, 2018
