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AML / KYC
Japan’s AML Landscape and the Need for Effective Governance
By Bradley Maclean | 03/06/2024
Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.
AML / KYC
APAC FIUs Launches Regional Intelligence Sharing Platform
By Sanday Chongo Kabange | 03/06/2024
The new platform will allow for real-time sharing of information, case studies and technologies among Australasian and ASEAN FIUs.
AML / KYC
Tokenisation Will Improve Correspondent Banking Model: BIS Paper
By Manesh Samtani | 01/06/2024
The next generation of correspondent banking will make “previously closed corridors economically viable once again”.
AML / KYC
Singapore Hands Down 8th Sentence in Money Laundering Case
By Nithya Subramanian | 31/05/2024
Chinese national Lin Baoying has been sentenced to 15 months in jail and will forfeit 90% of the S$170.5mn of assets seized from her.
AML / KYC
Switzerland Fines UBS for Yemen-Linked AML Failures
By Editors | 31/05/2024
The bank failed to perform its due diligence obligations and to report suspicious transactions linked to Yemen’s former president.
AML / KYC
Swift Announces Industry Partnership to Combat Fraud With AI
By Editors | 31/05/2024
FIs will share data with privacy-preserving controls so that AI can be used to detect fraud patterns from a “much richer dataset”.
AML / KYC
European Council Adopts New AML Regulatory Package
By Nithya Subramanian | 31/05/2024
This is the final step of the adoption procedure. The texts will now be published in the EU’s Official Journal and enter into force.
AML / KYC
AUSTRAC Accepts Enforceable Undertaking from Sportsbet
By Sanday Chongo Kabange | 30/05/2024
The undertaking binds the online betting company to an ongoing remedial action plan to improve its AML/CTF programme.
AML / KYC
Singapore Publishes Environmental Crimes ML Risk Assessment
By Nithya Subramanian | 30/05/2024
Singapore is assessed to be at medium-low risk for money laundering linked to environmental crimes.
AML / KYC
ASIC to Launch New Professional Registers Search in June
By Sanday Chongo Kabange | 30/05/2024
The platform will allow users to search for a licence or registration across multiple registers with a single search.
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