All posts tagged "STRs"
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511AML / KYCWoori Bank, Crypto Exchange Under Probe for Money Laundering
This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.
June 30, 2022 -
539AML / KYCWolfsberg Group Calls for Greater Use of PPPs for AML/CTF
PPPs provide the most direct and impactful opportunity for FIs to collaborate with public sector stakeholders to identify and address financial crime risks.
June 24, 2022 -
572AML / KYCPhilippine Banks Directed to Monitor Gaming-related Transactions
FIs are asked to bolster their CDD and file reports when suspicious transactions are observed involving play-to-earn games such as the recently-hacked Axie Infinity.
April 26, 2022 -
510AML / KYCPhilippine NPO Sector Rated as Medium Risk for Terrorist Financing
The SEC warns that suspected or actual misuse of the NPO sector for terrorism financing can present serious ramifications for an NPO's intended beneficiaries.
April 12, 2022 -
513AML / KYC
Philippine AMLC Asks FIs to Guard Against Digital Vote-Buying
The advisory comes in anticipation of an influx of financial activities that usually occur during elections. The Philippines has a general election on 8 May.
February 22, 2022 -
1.6KAML / KYCCOSMIC Will Yield Significant and Far Reaching Benefits
Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.
January 26, 2022 -
517AML / KYCBSP Directs Banks to Help Curb Vote-Buying Ahead of National Election
Banks should "at a minimum" consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.
January 6, 2022 -
415AML / KYCFATF Issues New Report on Digitalisation of FIUs
The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.
October 28, 2021 -
450AML / KYC
Philippine AMLC Asks Firms to Provide UBO Information in STRs
The FATF action plan requires the Philippines to enhance and streamline law enforcement agencies’ access to accurate and up to date beneficial ownership information.
September 10, 2021 -
196AML / KYCFSC Finds VASP Deposit Accounts Linked to Fraudulent Activity
Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.
July 29, 2021
