All posts tagged "terrorism financing"
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454AML / KYCSingapore Charges Second National for Terrorism Financing
A Singapore national was charged for providing money for terrorist purposes after he sent about $830 to an individual overseas who was said to have been facilitating terrorist acts.
September 19, 2019 -
241AML / KYCAUSTRAC Order A$250,000 Fine Against Compass Global Holdings
AUSTRAC says Compass Global Holdings failed to report international funds transfers between 2018 and 2019.
September 11, 2019 -
633AML / KYCAPG: Good Progress from Taiwan; Pakistan Falls to ‘Enhanced Follow-up’
The APG has adopted mutual evaluation reports for the Philippines, China, Hong Kong, Pakistan, Taiwan and the Solomon Islands – due to be published in October.
August 26, 2019 -
383UncategorisedMalaysia to Introduce e-KYC for Money Services Businesses
BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.
August 14, 2019 -
871AML / KYCWhistleblowers Allege SCB Cleared $57bn in Iran Transactions
Whistleblowers reportedly claim that Standard Chartered Bank cleared more transactions in violation of Iran sanctions than the US government had used as its basis for fines issued in April.
July 22, 2019 -
926Fintech / RegtechMalaysia to Finalise Regulatory Framework for ICOs by Year-End
A framework for ICOs, originally expected by the end of Q1, is now under review by relevant stakeholders, according to deputy finance minister Datuk Amiruddin Hamzah.
July 6, 2019 -
375AML / KYCBangladesh FIs Report Suspicious Activity at Record Levels
The increase in suspicious activity reported is an indication of the financial industry's commitment to fighting money laundering and terrorism financing.
May 22, 2019 -
809AML / KYCSingapore Charges its First National for Terrorism Financing
Singapore's Ministry of Home Affairs has confirmed that a Singaporean man has been charged for allegedly financing the publication of ISIS propaganda.
April 17, 2019 -
1.0KAML / KYCUN Security Council Resolution Targets Terrorism Financing
The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.
April 1, 2019 -
714AML / KYC
AUSTRAC Trials Reporting Automation through Smart Contracts
The proof of concept project commenced in December 2018 and aims to help reporting entities automate the reporting of international funds transfers to AUSTRAC.
February 26, 2019
