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AML / KYC
US Issues New Russia Sanctions, EU Approves 6th Package
By Editors | 02/06/2022
The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.
AML / KYC
More Chinese Firms Fall Under India Probe for ‘Irregularities’
By Editors | 02/06/2022
The MCA says it has received information that indicates potential violations including fraud by Chinese companies operating in India.
AML / KYC
Malaysia SC Offers Guidance on Detecting Fake Investment Firms
By Editors | 01/06/2022
In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.
AML / KYC
EU Leaders Agree to Ban 90pc of Russian Oil by Year-end
By Manesh Samtani | 01/06/2022
The EU’s sixth package of sanctions will also include the removal of three more banks from the SWIFT network and asset freezes against more Russian individuals.
AML / KYC
FATF Re-rates New Zealand for Progress on UBO Transparency
By Editors | 31/05/2022
The FATF says New Zealand was re-rated on Recommendation 25 due to new requirements for trusts coming into force.
AML / KYC
Bangladesh to Introduce Amnesty Scheme for Laundered Money
By Editors | 31/05/2022
The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.
AML / KYC
US Treasury Puts Russia on Path to Sovereign Default
By Manesh Samtani | 27/05/2022
The US Treasury Department allowed its sanctions exemption for Russian payments to US bondholders to expire.
AML / KYC
Glencore to Pay $1.5b to Settle Bribery & Manipulation Probes
By Manesh Samtani | 26/05/2022
The civil and criminal penalties and forfeitures will resolve a decade-long scheme to bribe foreign officials in seven countries and an oil price manipulation conspiracy.
AML / KYC
Seoul Prosecutors Revive Specialised Financial Crime Team
By Editors | 24/05/2022
A joint investigations team that was disbanded in January 2020 has now been reinstated to respond to financial and securities crimes.
AML / KYC
Singapore Police Warns of Banking-related Phishing Scams
By Editors | 24/05/2022
Phishing scams involving the impersonation of bank employees have increased from 149 cases in 2020 to 1,021 cases last year.
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