AML / KYC

    AML / KYC

    Australian Federal Police Sets Sights on Italian Crime Groups

    By Editors | 15/06/2022

    Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.

    AML / KYC

    FATF Joins UN Counter-Terrorism Coordination Compact

    By Editors | 14/06/2022

    Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

    AML / KYC

    Russia Launches Blockchain-Based Alternative to SWIFT

    By Editors | 14/06/2022

    Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.

    AML / KYC

    FATF Re-rates UK for Progress on Correspondent Banking

    By Editors | 14/06/2022

    The FATF also commends the UK for progress made to expand its FIU’s ability to conduct operational analysis.

    AML / KYC

    Japan, Singapore to Explore Mutual Recognition of Digital Identity

    By Editors | 14/06/2022

    Mutual recognition of digital identity credentials is part of an agreement to cooperate on the digital transformation of government services.

    AML / KYC

    IMF Calls on Philippines to Enhance AML Supervision

    By Sanday Chongo Kabange | 14/06/2022

    Limited actions to amend bank secrecy laws present risks to the Philippines. Casinos, the gaming industry, and crypto exchanges are flagged as risky.

    AML / KYC

    Japan Ministry Seeks Powers to Confiscate Crypto Assets

    By Editors | 12/06/2022

    Japan’s organised crime law currently only allows seizures of real property, movable assets and monetary claims, but not crypto assets.

    AML / KYC

    FATF Issues Report on Digital Tools for Law Enforcement

    By Editors | 12/06/2022

    The report offers guidance on the use of technology for investigations, risk assessment, and AML/CFT information exchange.

    AML / KYC

    OFAC Blocks Secondary Market Trading in Russian Debt, Equity

    By Editors | 12/06/2022

    To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.

    AML / KYC

    BNM Directs Banks to Enhance Fraud Risk Controls

    By Editors | 12/06/2022

    BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.

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