AML / KYC

    AML / KYC

    OJK to Require P2P Lenders to Report Transactions From 1 April

    By Editors | 23/02/2021

    The move is aimed at preventing the P2P lenders from being used for money laundering and terrorism financing, said OJK Deputy Director Munawar.

    AML / KYC

    New Report Identifies 11 Indicators of Modern Slavery Risk

    By Editors | 22/02/2021

    Based on an analysis of globally prosecuted cases of modern slavery, FairSupply Analytics has identified 11 indicators to help FIs detect modern slavery.

    AML / KYC

    BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

    By Editors | 21/02/2021

    Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.

    AML / KYC

    US Prosecutors Unveils New Charges Against North Korean Hackers

    By Manesh Samtani | 21/02/2021

    Warrants have been issued for the arrest of the three programmers said to be involved in the Sony, WannaCry, Bangladesh Bank and other attacks.

    AML / KYC

    UK, Canada Impose Sanctions Against Myanmar Officials

    By Manesh Samtani | 21/02/2021

    Human Rights Watch is calling for economic sanctions, travel bans and asset freezes for leaders of Myanmar’s military, military business conglomerates and the new governing body.

    AML / KYC

    HK Banks Used to Launder Over HK$8bn in Scam Proceeds in 2020

    By Editors | 21/02/2021

    More than 10,000 bank accounts are believed to have been used in 2020 to collect and launder the funds before being channelled out of Hong Kong.

    AML / KYC

    UK Sanctions Policy: A Progress Report

    By Emil Dall | 21/02/2021

    The UK has formally embarked on its independent sanctions regime. What work has been completed so far and what remains to be done?

    AML / KYC

    ISO Standard Defining ISIN Updated to Expand Scope

    By Editors | 21/02/2021

    The update expands the scope of the standard beyond securities to include OTC derivatives, baskets, emission allowances and carbon credits.

    AML / KYC

    OFAC Settles Sanctions Case Against Crypto Payments Processor BitPay

    By Editors | 20/02/2021

    BitPay is said to have enabled individuals in sanctioned jurisdictions to engage in $129,000 worth of digital currency-related transactions with its merchant customers.

    AML / KYC

    Australian Banks Facilitate Arrest of Phishing Tool Developer

    By Ranamita Chakraborty | 19/02/2021

    The developer of a phishing kit used to steal tens of millions of dollars from bank accounts in 11 countries has been arrested in Ukraine.

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