AML / KYC

AML / KYC

Australia Consults on Enhanced Beneficial Ownership Reforms

By Sanday Chongo Kabange | 15/11/2024

The reforms aim to increase the disclosure of ownership information for listed companies and broaden the ASIC’s regulatory enforcement powers.

Crypto / Digital Assets

KoFIU Identifies Over 500,000 Potential KYC Violations at Upbit

By Mark Johnston | 15/11/2024

Upbit reportedly accepted identification from customers when the name or registration number on the ID was blurred and not properly identified.

AML / KYC

New FinCEN Alert Offers Guidance on Detecting AI Deepfakes

By Editors | 15/11/2024

The alert explains typologies and provides red flag indicators to assist in identifying fraud schemes that leverage deepfake media created with GenAI tools.

Crypto / Digital Assets

US Files Lawsuit to Recover Crypto Linked to FTX Bribery

By Nithya Subramanian | 14/11/2024

Prosecutors are suing to obtain cryptocurrency in an account allegedly connected to bribes paid to Chinese officials before FTX collapsed.

AML / KYC

UK FCA Fines Metro Bank for Transaction Monitoring Failures

By Nithya Subramanian | 14/11/2024

A data-feeding error meant 60 million transactions were not monitored by Metro Bank over a four-year period.

AML / KYC

Unlocking the Potential of AI in Financial Crime Compliance

By Bradley Maclean | 14/11/2024

New research explores the potential of AI in financial crime compliance, highlighting pressing pain points and offering a roadmap for adoption.

AML / KYC

OFAC Probes UBS for Russia Risk from Credit Suisse Takeover

By Editors | 13/11/2024

OFAC is reportedly seeking information from UBS about the Russian clients the bank took on when it bought Credit Suisse in March 2023.

AML / KYC

Spanish Police Chief Arrested Over Links to Criminal Gangs

By Nithya Subramanian | 13/11/2024

Óscar Sánchez Gil was until recently the head of the fraud and AML division of Spain’s national police force in Madrid.

AML / KYC

Australia’s AGD Issues Supplementary Submission on AML Amendment Bill

By Thisanka Siripala | 13/11/2024

The AGD responds to issues raised in submissions to the Senate Legal and Constitutional Affairs Legislation Committee on certain aspects of the Bill.