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, 2022PPPs provide the most direct and impactful opportunity for FIs to collaborate with public sector stakeholders to identify and address financial crime risks.
June 24, 2022FIs 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, 2022The 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, 2022The 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, 2022Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.
January 26, 2022Banks should "at a minimum" consider four scenarios when calibrating their fraud management systems and account and transaction monitoring rules/parameters.
January 6, 2022The report outlines how FIUs can benefit from the adoption of digital tools, including through improved data utility, analytical capacities, and STR management.
October 28, 2021The 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, 2021Crypto exchanges in Korea are required to use bank accounts under their real names. Third party bank accounts are not allowed.
July 29, 2021