AML / KYC

AML / KYC

New Cybercrime Prevention Law Takes Effect in Thailand

By Editors | 19/03/2023

The law allows banks to temporarily suspend illicit bank accounts without having to wait for a fraud to occur.

AML / KYC

Jarek Jakubcek Discusses How Binance Works With Law Enforcement

By Editors | 19/03/2023

Jarek Jakubcek, Head of Law Enforcement Training at Binance, discusses working with law enforcement and how the technology used in investigations has evolved over time.

Enforcement

AFP Seizes Over A$250m from Money Launderers

By Editors | 18/03/2023

A new taskforce has seized over AUD 250 million in cash and assets from money launderers since December 2022.

AML / KYC

AUSTRAC Accepts Enforceable Undertaking from PayPal

By Editors | 17/03/2023

AUSTRAC says PayPal has cooperated with an enforcement investigation that commenced in December 2020, related to IFTI reporting.

AML / KYC

China Fines Bohai Bank for Third Time This Year

By Editors | 16/03/2023

The PBOC fined China Bohai Bank for committing 12 regulatory violations. The bank was fined twice last month for different violations.

AML / KYC

US, German Authorities Coordinate on Takedown of Crypto Mixer

By Editors | 16/03/2023

Authorities dismantled ChipMixer’s infrastructure and seized four servers, about USD 46 million worth of bitcoin, 7 TB of data, two domains, and a Github account.

AML / KYC

FATF Publishes First Comprehensive Report on Ransomware

By Manesh Samtani | 16/03/2023

The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.

Crypto / Digital Assets

Crypto-related Crime in Australia: What Court Records Tell Us, and What Lies Ahead

By Angela Ang | 16/03/2023

Angela Ang considers findings from the first empirical study of crypto-related court cases in Australia, and what this means the crypto crime and enforcement landscape.

AML / KYC

HKIMR Report Explores GBA Cross-border Payments Challenges

By Editors | 16/03/2023

A survey of FIs found that some GBA transactions are still processed manually. Other challenges relate to differing messaging formats, regulatory requirements and investment quotas.