AML / KYC

AML / KYC

Basel Institute on Governance Publishes 2024 Basel AML Index

By Manesh Samtani | 04/12/2024

In Asia, New Zealand, Australia, Taiwan, Brunei, and South Korea scored the best while Myanmar, Lao PDR, China, Vietnam, and Cambodia scored the worst

AML / KYC

UK FCA Finalises Updates to Financial Crime Guide

By Editors | 04/12/2024

The financial crime guide is updated to provide additional guidance on sanctions, proliferation financing, transaction monitoring and cryptoassets.

AML / KYC

Taiwan Executive Yuan Approves “Version 2.0” Anti-Fraud Action Plan

By Manesh Samtani | 03/12/2024

The FSC also issued new regulatory guidelines for FIs and VASPs on preventing the fraudulent use of financial services.

AML / KYC

Australian Police Dismantle Money Laundering Syndicate

By Sanday Chongo Kabange | 03/12/2024

The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.

AML / KYC

Lombard Odier, Ex-Banker Indicted in Swiss Money Laundering Case

By Nithya Subramanian | 03/12/2024

Swiss prosecutors alleged that Lombard Odier and one of its former RMs concealed dirty funds and engaged in “aggravated money laundering”.

AML / KYC

South Korea Cracks Down on Illegal Spam Messages

By Mark Johnston | 03/12/2024

The new measures include enhanced filtering services and the application of KISA’s blacklist system to prevent the mass transmission of illegal messages.

Fintech / Regtech

India: RBIH Wants Banks to Use AI to Detect Mule Accounts

By Editors | 03/12/2024

The Reserve Bank Innovation Hub is reportedly in talks with ten public and private banks about adopting its “Mulehunter.Ai” tool to identify mule accounts.

AML / KYC

Meta Tightens Ad Rules to Curb Financial Scams​ in Australia

By Thisanka Siripala | 02/12/2024

Meta will require financial advertisers to verify their AFSL numbers and disclose payer and beneficiary information

AML / KYC

Malaysian Court Drops Corruption Charges Linked to 1MDB: Report

By Nithya Subramanian | 02/12/2024

The court granted an acquittal to Najib Razak and another former official due to procedural delays and the prosecution’s failure to provide crucial documents.