All posts tagged "Suspicious transactions"
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397AML / KYCHong Kong to Propose Regulatory Regime for Crowdfunding
The government will issue a consultation this year proposing a licensing or registration requirement for crowdfunding platforms in Hong Kong.
April 20, 2022 -
547AML / KYCSFC Fines Emperor Securities, Emperor Futures for AML Breaches
Emperor processed third party fund transfers without validating the relationships between the clients and the third parties, or the reason for the transfers.
March 17, 2022 -
736AML / KYCUK, UAE Launch New Toolkit Targeting Illegal Wildlife Trade
Financial institutions worldwide are urged to adopt the toolkit; share it with colleagues, peers and industry partners; and take action to stamp out IWT.
March 4, 2022 -
952FeatureSingapore Continues Work to Bolster Digital Banking Security
New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.
February 18, 2022 -
681AML / KYCPBOC Fines MYbank for AML and Other Violations
MYbank failed to perform customer identification obligations, preserve identity information and transaction records, and report suspicious transactions.
February 10, 2022 -
339AML / KYCAUSTRAC Issues Financial Crime Guide on Disaster Payments Fraud
The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.
December 13, 2021 -
716AML / KYCJapan FSA Seeks to Introduce Restrictions on Stablecoin Issuance
The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.
December 10, 2021 -
312AML / KYCS. Korea Targets Illicit Overseas Purchases of Real Estate
The Korea Customs Service will establish mechanisms targeting the sources of funds used by foreign residents for domestic real estate purchases.
November 18, 2021 -
442AML / KYCUS Treasury Announces New Ransomware-related Sanctions
The US Treasury Department, OFAC, State Department, DOJ, and FinCEN have taken coordinated action to counter the ransomware threat.
November 10, 2021 -
452AML / KYCJapan to Require Companies to Disclose Major Shareholders
Banks will be able to ask companies to submit information about their major shareholders when opening accounts or making loans.
November 3, 2021
