AML / KYC

AML / KYC

ASIC Cautions Against Purchasing ‘Fake Green Bonds’

By Editors | 21/05/2022

ASIC says retail investors who are approached to invest in green bonds should ask their banks for help to check the legitimacy of the offer.

AML / KYC

US Federal Court Declares Crypto Subject to Sanctions Laws

By Mark Johnston | 20/05/2022

A newly unsealed federal court opinion supports the DOJ’s first criminal prosecution involving the use of crypto for sanctions evasion.

AML / KYC

US Warns Against Inadvertent Hiring of DPRK IT Workers

By Editors | 19/05/2022

North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.

AML / KYC

Philippines Passes Law to Enhance Financial Consumer Protections

By Sanday Chongo Kabange | 19/05/2022

The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.

AML / KYC

US Charges Crypto CEO for Fraudulent Investment Scheme

By Mark Johnston | 19/05/2022

Eddy Alexandre, the CEO of EminiFX, promised weekly returns would be generated through proprietary robo-advising technology.

AML / KYC

US Warns Foreign Banks Against Facilitating Sanctions Evasion

By Editors | 18/05/2022

Foreign banks could fall under US sanctions if they provide material support to a person or entity sanctioned by the US.

AML / KYC

US Treasury Outlines Plans to Combat Illicit Finance

By Editors | 17/05/2022

Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.

AML / KYC

NSW Ministers Working on New AML Laws – Report

By Editors | 17/05/2022

The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.

AML / KYC

HK Police Arrest 17 for Using Virtual Banks to Launder Money

By Editors | 16/05/2022

The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.