AML / KYC

FATF Plenary Concludes With Beneficial Ownership, NPOs, Crypto in Focus

By Manesh Samtani | 23/02/2024

Kenya and Namibia were added to the FATF’s grey list while Barbados, Gibraltar, Uganda and the UAE were removed.

Enforcement

US Unveils Five Enforcement Actions Involving Russian Oligarchs

By Editors | 23/02/2024

The actions, including charges against the CEO of Russia’s VTB Bank, were unveiled just ahead of the two-year anniversary of the war in Ukraine.

AML / KYC

Three FIUs Issue Guidance on Russia Sanctions Evasion

By Manesh Samtani | 23/02/2024

The FIUs of Canada, Netherlands and Germany issued a joint advisory providing indicators to aid in the detection of dual-use goods trade involving Russia.

AML / KYC

Frankfurt Selected to Host EU Anti-Money Laundering Authority

By Mark Johnston | 23/02/2024

Frankfurt was chosen following a competitive bidding process that involved eight other countries. The AMLA will start operations in mid-2025.

AML / KYC

Hong Kong Launches Global Anti Corruption Academy

By Sanday Chongo Kabange | 23/02/2024

The academy will offer tailored training on corruption prevision and AML to officers from around the world.

AML / KYC

Alternative Fund Managers Face Growing AML Risks: Study

By Ranamita Chakraborty | 22/02/2024

Several alternative fund firms faced AML fines and few were visited by regulators over money laundering concerns.

Crypto / Digital Assets

Cybercrime Group LockBit Has Been Dismantled

By Manesh Samtani | 21/02/2024

Law enforcement from ten countries have disrupted the criminal operation of the LockBit ransomware group.

AML / KYC

India to Centralise FATCA, CRS Certifications at KYC Registration Agencies

By Ajoy K Das | 21/02/2024

RFIs are directed to upload certifications under FATCA and CRS received from clients directly into the KRA system.

AML / KYC

CBA Becomes First Australia-based LEI Validation Agent

By Editors | 21/02/2024

CBA can now obtain and maintain LEIs for clients leveraging its ‘business-as-usual’ KYC and onboarding processes.

AML / KYC

Australia to “Shortly” Issue New Consultation on Tranche 2 AML Reforms

By Manesh Samtani | 20/02/2024

Officials said feedback to last year’s consultation was “very supportive” and the upcoming consultation will be more detailed.

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