RBC failed to submit STRs in some cases, submitted some STRs incorrectly, and did not keep written policies and procedures up-to-date.
December 7, 2023BaFin said Deutsche Bank submitted suspicious transaction reports to the FIU "with a delay".
October 23, 2023Thong Chee Kun and Gazalle Mok from Rajah & Tann Singapore tell Regulation Asia that it is crucial for real estate developers and agents to conduct regular risk assessments and AML training to identify evolving money laundering risks and techniques.
September 19, 2023Every legal professional is required to appoint a Compliance Officer to ensure compliance, and submit STRs to the FIU.
September 2, 2023The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.
August 17, 2023KoFIU will strengthen inspections, impose sanctions for violations, and disclose the results of investigations to promote legal compliance.
July 30, 2023OJK's Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.
June 22, 2023CDD includes identifying and verifying the true identities and beneficial owners of DNFBP clients such as lawyers, accountants and real estate developers.
June 5, 2023The guidance says money remittance services, banks, DPT service providers, precious stone and metals dealers, and non-profit organisations are vulnerable to TF threats.
May 29, 2023Around 60 percent of retail banks in Hong Kong are now deploying network analytics. Some are using this capability to file "super STRs".
May 9, 2023