AML / KYC

AML / KYC

NYDFS Fines Nordea Bank $35mn for AML Failures

By Editors | 29/08/2024

NYDFS said Nordea’s deficient AML programme exposed it to a “high risk of criminal abuse” which was “imported” to New York’s financial system.

AML / KYC

Europol, New Zealand Can Share Personal Data to Combat Crime

By Ranamita Chakraborty | 29/08/2024

A new agreement has entered into force that allows Europol and New Zealand authorities to exchange personal data to combat crime.

AML / KYC

Swiss Court Sentences Two to Jail for Defrauding 1MDB

By Manesh Samtani | 29/08/2024

Two executives of an oil exploration company known as PetroSaudi were sentenced for defrauding 1MDB out of more than $1.8bn.

AML / KYC

French Prosecutors File Charges Against Telegram CEO

By Editors | 28/08/2024

A French court ruled that there were grounds to formally investigate Pavel Durov, releasing him on bail and ordering him to remain in France.

Enforcement

Thailand Vows Stronger Action Against Capital Market Crime

By Nithya Subramanian | 28/08/2024

AMLO, SEC and SET signed an MOU agreeing to collaborate in the fight against illegal securities trading activities.

AML / KYC

Singapore Charges South Korean in S$1.5b TBML Scheme

By Ranamita Chakraborty | 28/08/2024

The accused hid smuggled cash in tool shipments from Korea and Japan, and then exported gold bars disguised as mechanical tools.

AML / KYC

Former Vitol Trader Pleads Guilty to Bribery Scheme

By Editors | 27/08/2024

Javier Aguilar and co-conspirators paid $600,000 in bribes in 2018 to two senior Mexican officials to win contracts for Vitol.

AML / KYC

Australia Passes Legislation for SMS Sender ID Register

By Sanday Chongo Kabange | 27/08/2024

The register will allow telcos to block messages being sent under a brand name that don’t correspond with the legitimate sender.

AML / KYC

Thailand Extradites Crypto Fraud Suspect to China

By Editors | 27/08/2024

The Malaysian national is the first suspect to be sent from Thailand to China under an extradition treaty that took effect in 1999.