AML / KYC

Enforcement

Seven FIUs Pledge to Collaborate Against Illegal Wildlife Trade

By Mark Johnston | 07/11/2023

The FIUs pledge to prevent, detect and disrupt financial activity linked to illegal wildlife trade.

AML / KYC

Taiwan Financial Adviser Suspected of Colluding with Fraud Syndicates

By Editors | 07/11/2023

A former financial adviser of DBS Taiwan reportedly caused $1.5mn of losses to clients through collusion with criminal gangs and fraud groups.

AML / KYC

Singapore to Monitor Money Laundering Risks from Crypto Exchange Applicants

By Nithya Subramanian | 06/11/2023

The regulator will reject applicants who fail to meet the required standards for ML/TF and technology risks.

AML / KYC

Japanese Regional Banks Form Partnership on AML/CFT

By Editors | 05/11/2023

Three regional banks will use the same centralised service platform to perform AML/CFT operations.

AML / KYC

AUSTRAC Explains AML/CTF Considerations of Data Breaches

By Sanday Chongo Kabange | 05/11/2023

Regulated entities should review their risk assessments to ensure they reflect the increased ML/TF risks that could arise from a data breach.

AML / KYC

US Jury Convicts FTX’s Sam Bankman-Fried on Fraud Charges

By Editors | 03/11/2023

Bankman-Fried faces up to 110 years in prison when he is sentenced in March. He also faces another trial for alleged foreign bribery and bank fraud conspiracies.

AML / KYC

ASIC Shuts Off Access to 2,500 Scam and Phishing Websites

By Sanday Chongo Kabange | 03/11/2023

ASIC has a new website takedown service to remove or limit access to fraudulent and malicious websites on the internet.

Enforcement

Taiwan Arrests Suspects in Record Crypto Laundering Case

By Mark Johnston | 02/11/2023

A fake securities trading app was used to launder over USD 320 million via crypto in the largest case of its kind in Taiwan.

AML / KYC

AUSTRAC Establishes Operational Response To Israel-Gaza Conflict

By Sanday Chongo Kabange | 02/11/2023

AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the “important role” they play in stopping financial crime.