AML / KYC

AML / KYC

Bangladesh Enlists Big Four Auditors to Trace $17b Missing from Banks

By Mark Johnston | 26/01/2025

Bangladesh has enlisted the services of three major audit firms to conduct an asset quality review at six banks to determine where missing assets went.

Crypto / Digital Assets

US Congress Investigates Debanking of Tech and Crypto Firms

By Thisanka Siripala | 25/01/2025

House Oversight Committee has contacted executives in the crypto industry to gather their testimonies on bank account closures.

AML / KYC

UK FCA Calls on Firms to Improve Use of National Fraud Database

By Mark Johnston | 25/01/2025

FCA review found that some firms underutilise the NFD and don’t always report cases that meet the standard of proof required.

AML / KYC

TD Bank’s Global Anti-Money Laundering Officer Steps Down

By Thisanka Siripala | 24/01/2025

The change is said to be part of broader leadership changes at TD Bank, aimed at restoring trust and strengthening its regulatory standing.

AML / KYC

HKMA Publishes Banking Sector Priorities for 2025

By Sanday Chongo Kabange | 24/01/2025

The HKMA’s 2025 workplan includes measures to safeguard the banking sector from financial crime, credit risk and cyber risk.

AML / KYC

BSP Issues Draft Rules on Sharing of Financial Account Information

By Sanday Chongo Kabange | 23/01/2025

The rules will implement a requirement of the Anti-Financial Account Scamming Act, which allows financial account information to be shared with enforcement agencies.

Enforcement

Another US Court Rules Tornado Cash Sanctions Were Unlawful

By Editors | 23/01/2025

Court ruled that Tornado Cash smart contracts could not be classified as property IEEPA. A similar ruling was issued by a different court in November 2024.

AML / KYC

BSP Revises IT Risk Management Rules to Align with New Anti-Scams Law

By Sanday Chongo Kabange | 23/01/2025

The BSP said BSFIs must comply with the new regulations by 30 June 2025 and that a shared accountability framework will be adopted.

AML / KYC

Singapore Court Charges Ex-Filing Agent in $3b Money Laundering Case

By Nithya Subramanian | 23/01/2025

Former CSP director charged for falsifying company accounts, making false representations to authorities, and forging documents to cheat FIs.