AML / KYC

AML / KYC

Ex-Goldman Banker Gets 2yr Sentence in 1MDB Case

By Manesh Samtani | 29/05/2025

Tim Leissner has been sentenced to two years in prison and ordered to forfeit $43.7mn for his role in the 1MDB bribery and money laundering scheme.

AML / KYC

US Sanctions Philippines-based Firm for Facilitating Cyber Scams

By Editors | 29/05/2025

Funnull Technology Inc provides IP addresses and other web infrastructure to cybercriminals to host scam platforms and other malicious web content.

AML / KYC

Westpac Pilots “First of its Kind” Anti Scam AI Tool

By Sanday Chongo Kabange | 29/05/2025

AI synthesises information from customer phone conversations in real-time to highlight key indicators to enable bankers to respond more effectively

Fintech / Regtech

Taiwan FSC Survey Reveals Growing Use of AI Among FIs

By Manesh Samtani | 29/05/2025

FSC survey reveals increased use of AI and generative AI among financial firms, focusing on operational improvements and fraud prevention.

AML / KYC

BNM Fines Multiple Banks for AML and Reporting Failures

By Nithya Subramanian | 29/05/2025

Bank Pembangunan and two HSBC entities were penalised for failures to properly identify and verify beneficial owners.

AML / KYC

Chinese Underground Banking Key to Global Crime – Report

By Manesh Samtani | 29/05/2025

Chinese underground banking networks facilitate North Korean hacking, drug cartels, and sanctions evasion, says TRM Labs report.

AML / KYC

BSP Issues Directions to Banks on Adverse Media Screening

By Sanday Chongo Kabange | 28/05/2025

Banks must include adverse media screening during onboarding and during transaction monitoring to identify financial crime threats.

AML / KYC

GLEIF Launches Global Partner Programme to Boost LEI Adoption

By Editors | 28/05/2025

The initiative aims to expand the use of the LEI and vLEI through collaboration with data vendors, financial institutions and tech firms.

AML / KYC

Interpol Issues First Two Silver Notices at India’s Request

By Manesh Samtani | 28/05/2025

India secured two Interpol Silver Notices, one to trace assets in a visa fraud case and the other for a crypto scam case.