All posts tagged "Suspicious transactions"
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81AML / KYCCBA Contractors May Have Cut Corners on Compliance Tasks
Contract workers reportedly had to cut corners on compliance tasks to meet their KPIs, including by copy and pasting text from templates to fill reports sent to AUSTRAC.
June 29, 2021 -
156AML / KYCKorea Extends AML Compliance Deadline for Crypto Sector
The extension is primarily being allowed to ensure regulators can process applications received before the 24 September deadline.
June 21, 2021 -
318AML / KYCJapan FSA Sets Hard Deadline for Full AML/CFT Compliance
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
June 8, 2021 -
273AML / KYCAUSTRAC Publishes Guidance on Detecting Cuckoo Smurfing
The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
June 7, 2021 -
116AML / KYCBSP Orders Banks to Enhance STR Filing Processes
Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.
June 7, 2021 -
473AML / KYCChina to Broaden Scope of AML Law, Raise Penalties
The draft law brings into scope non-bank financial institutions as well as property developers, accounting firms and precious metal dealers.
June 3, 2021 -
628AML / KYCTaiwan FSC Fines Citibank, DBS for AML Violations
The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.
May 14, 2021 -
116AML / KYCFMA, CLSA Premium NZ Agree Statement of Facts on AML Breaches
The FMA is seeking a pecuniary penalty against CLSA Premium NZ and costs. The maximum penalty is NZD 2 million.
May 11, 2021 -
278AML / KYCHong Kong: Six Arrested for Laundering HK$2.5bn
The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.
April 26, 2021 -
256AML / KYCFSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’
The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.
April 21, 2021
