In circulars to AIs and SVF licensees and a new paper, the HKMA discusses its work to modernise AML supervision in Hong Kong.
February 8, 2024AUSTRAC launched civil penalty proceedings against SkyCity Adelaide in December 2022. The casino operator just raised its provision for the potential penalty.
February 2, 2024Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.
January 15, 2024AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.
December 13, 2023The HKMA fined CA Indosuez's Hong Kong branch for failing to continuously monitor business relationships with some clients.
November 30, 2023HAWK:AI was recognised for its transaction monitoring technology, which is powered by a combination of easily configurable rules and explainable AI.
November 14, 2023The FCA published findings from a review of the systems and controls payment account providers have in place to detect and prevent money mule activity.
October 23, 2023The report features examples of Regtech implementation for fraud monitoring, TM alerts handling, media monitoring, and customer risk monitoring.
September 26, 2023The guide offers a 'virtual assets risk assessment framework', as well as risk mitigation strategies and best practices.
August 12, 2023The Fed Board said Deutsche Bank made "insufficient remedial progress" under 2015 and 2017 consent orders and still has deficient AML internal controls and governance processes.
July 20, 2023