Jinrui Futures is the 5th firm to be fined over the use of software that allowed Mainland investors to trade in Hong Kong without opening a local securities account.
February 8, 2023The case is one of the rare cases worldwide where cryptocurrency is alleged to have financed terrorism, said Manhattan District Attorney Alvin Bragg.
February 7, 2023New paper from the BIS, IMF and World Bank assesses the benefits and challenges associated with using multilateral platforms for cross-border payments.
January 20, 2023The amendments target terrorist and proliferation financing and are aimed at helping the Philippines secure its removal from the FATF grey list.
November 11, 2022Up to 20 percent of terrorist attacks are seen as crypto-financed or linked to digital assets, compared to just 5 percent a couple of years ago.
November 4, 2022The guidance describes the most common TBML methodologies and provides indicators and behaviours to help financial service providers detect and report suspicious activity.
October 28, 2022BSI Singapore's former head of private banking contributed to the bank's failure to file STRs for 1MDB-related transactions when there were reasonable grounds to do so.
October 11, 2022A national risk assessment found remittance agents and banks to be the most vulnerable. MAS will develop new guidance for both sectors.
October 10, 2022The guidance sets out the BSP’s regulatory expectations and identifies emerging typologies, including the use of virtual assets to finance terrorism.
September 9, 2022Jiaxin Finance, its sole director and his mother were sentenced to pay fines for AML/CFT violations in 2020. Their appeals have been dismissed.
July 20, 2022