Crypto firms still under a PSA exemption have to report the total number of "higher risk customers" they serve, such as PEPs and their close associates.
June 1, 2023Crown admitted to AML/CTF breaches at its Melbourne and Perth casinos and agreed to pay A$450mn, subject to court approval.
May 31, 2023The guidance says money remittance services, banks, DPT service providers, precious stone and metals dealers, and non-profit organisations are vulnerable to TF threats.
May 29, 2023New downloadable book presents contributions by experts from the IMF, UN, Egmont Group, INTERPOL, and Europol.
May 16, 2023An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.
May 14, 2023The consultation covers amendments to Payment Services Regulations and existing notices to include newly scoped-in payment services like DPT services.
May 10, 2023COSMIC will be rolled out in phases starting from H2 2024, enabling banks to alert one another about illicit activity involving their customers.
May 9, 2023The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.
May 1, 2023Indonesia has a strong AML/CFT framework but needs to address risks in some sectors and improve investigation and prosecution. Foresty crime and terrorism financing are some of the country's key risks.
April 28, 2023Regulators asked private bankers to avoid attributing large fund inflows to Chinese wealth as this is seen as a politically sensitive issue.
April 14, 2023