All posts tagged "Suspicious transactions"
-
870AML / KYCOutsourcing Compliance and Cybersecurity is Increasingly Risky Business
Recent FCA case highlights cost of mismanaged outsourcing. Potential IT problems are brewing for private equity GPs too as big deals systemically overlap banking system.
April 16, 2018 -
652Crypto / Digital AssetsIndia Bars Banks from Cryptocurrency Dealings
Reports suggest banks will have three months to comply; central bank meanwhile explores feasibility of state-backed digital currency.
April 7, 2018 -
1.1KAML / KYCNew Rules for Australian Crypto Exchanges Take Effect
Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.
April 5, 2018 -
656AML / KYCSri Lanka Investigating “Suspicious” Chinese-held Bank Accounts
Sri Lanka’s financial crimes unit is investigating suspicious transactions originating from three Chinese-held accounts with LKR957 million.
April 2, 2018 -
600Crypto / Digital AssetsSouth Korean Crypto Exchanges Raided in Embezzlement Probe
Staff and executives at three exchanges allegedly siphoned customer deposits to buy cryptocurrency on other platforms.
March 20, 2018 -
801AML / KYCMoney 20/20: MAS Speaks Out on Crypto Risks, Blockchain
In a speech at Money 20/20 Asia, MAS managing director Ravi Menon spoke about the promise of blockchain technology and containing cryptocurrency risks; AML/CTF risks present a "clear and present danger".
March 17, 2018 -
745AML / KYCMalaysia Issues AML/CTF Policy for Cryptocurrency Exchanges
Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.
March 1, 2018 -
772AML / KYCInterpol to Increase Measures on Cryptocurrencies AML, CTF Risk
Global police organisation says to increase information sharing, review AML/CTF rules pertaining to digital currencies, take action against cryptocurrency ‘tumblers’.
February 1, 2018 -
1.9KAML / KYCAML Now a Top Concern for Chinese Regulators, and a Worry for Banks
It is clearer than ever that Chinese regulators take AML as a major priority, but domestic banks can lack the expertise to meet ever-increasing requirements.
January 24, 2018 -
682Crypto / Digital AssetsUPDATED – India Taxes Cryptocurrency Capital Gains, Banks Shut Out Exchanges
Nationwide survey reveals USD 3.5 billion in cryptocurrency transactions over 17-months; banks suspend services to exchanges to deter 'suspicious transactions'.
January 23, 2018
