AML / KYC

AML / KYC

US Fines Crypto Firm BitMEX $100m for AML Violations

By Nithya Subramanian | 16/01/2025

The Justice Department said the penalty sends a clear message that companies which violate AML and KYC rules will face strict consequences.

AML / KYC

Australia Launches Nationwide Scam Awareness Campaign

By Sanday Chongo Kabange | 16/01/2025

The ‘Fighting Scams Campaign’ aims to increase awareness and action of “three simple, memorable steps” to safeguard against scams.

AML / KYC

AEON Bank President & Risk Head Dismissed Over AML Failures

By Thisanka Siripala | 15/01/2025

The president of AEON Financial Services also resigned after the banking subsidiary was ordered to correct serious AML deficiencies

AML / KYC

Hong Kong Works to Rescue Citizens from Scam Compounds

By Manesh Samtani | 14/01/2025

HK task force visited Thailand seeking assistance to secure the return of 12 individuals believed to be detained in scam compounds

AML / KYC

MAS Issues New AML/CFT Notice for Market Operators

By Nithya Subramanian | 14/01/2025

The notice targets risks that arise from non-FI direct participants, which are not subject to the same AML/CFT requirements applicable to FI direct participants

Enforcement

US Grand Jury Indicts Three Russians Who Operated Crypto Mixers

By Manesh Samtani | 14/01/2025

The defendants operated Blender.io and Sinbad.io, which were used to launder funds stolen from victims of ransomware, virtual currency thefts, and other crimes.

AML / KYC

HKAB Updates AML/CFT FAQs to Align with Revised AMLO

By Sanday Chongo Kabange | 14/01/2025

The updated FAQs align with the AMLO amendments that came into force last year and provide additional guidance on dual-use goods.

Crypto / Digital Assets

Crypto Exchange Bybit Suspends Services in India

By Mark Johnston | 14/01/2025

Bybit temporarily suspended its trading and account registration services in India until it secures registration with FIU-IND

AML / KYC

Bangladesh Authorities Demand UK Minister’s Financial Records

By Nithya Subramanian | 14/01/2025

BFIU is investigating whether UK minister Tulip Siddiq was involved in siphoning funds from Bangladesh through her links to ousted Prime Minister Sheikh Hasina.