AML / KYC

AML / KYC

China Deepens Financial Sector Corruption Crackdown

By Editors | 05/04/2023

Officials told bankers they should learn lessons from Bank of China chairman Liu Liange, who was recently placed under investigation.

AML / KYC

Australia Introduces AML/CTF Amendment Bill to Parliament

By Editors | 04/04/2023

The amendments will strengthen and modernise aspects of Australia’s AML/CTF regime, and assist AUSTRAC in fulfilling its functions.

AML / KYC

KoFIU Shares Findings from On-site Inspections at VASPs

By Editors | 04/04/2023

KoFIU issued reprimands, cautions and KRW 490 million in fines against five crypto exchanges, executives and employees.

AML / KYC

Germany to Establish New Agency to Fight Financial Crime

By Sanday Chongo Kabange | 02/04/2023

The ‘Federal Authority for Fighting Financial Crime” will absorb the functions of the FIU and also be responsible for enforcing international sanctions.

AML / KYC

Taiwan to Unveil New Anti-Fraud Measures Within One Month

By Editors | 01/04/2023

The Taiwan government has reportedly been seeking assistance from companies including Google and Meta to help combat online fraud.

AML / KYC

UK Court Allows Wirecard-related Fraud Suit to Proceed

By Editors | 31/03/2023

An Indian business was sold to a Mauritius-based fund in 2015, weeks before Wirecard bought the company for a price ten times higher.

AML / KYC

Taiwan FSC to Develop Regulatory Guidelines for Crypto Industry

By Editors | 31/03/2023

The guidelines will cover information disclosures, product listings, customer asset segregation, money laundering prevention, consumer protection, and information security, among other areas.

AML / KYC

UK Unveils New Plan to Tackle Economic Crime

By Sanday Chongo Kabange | 31/03/2023

The plan involves hiring 475 specialist investigators, investing in technology and data analytics, and establishing a new multi-agency crypto cell.

AML / KYC

Kuwait Court Sentences Defendants in 1MDB Case

By Editors | 31/03/2023

The son of a former prime minister was sentenced to 10 years in jail. Malaysia financier Jho Low was also sentenced in absentia.