AML / KYC

AML / KYC

UK Launches Action Plan to Combat Money Muling

By Mark Johnston | 10/03/2024

The UK government has announced a 22-point action plan to disrupt money mule activity and support exploited victims.

AML / KYC

INTERPOL Updates Guidance on AI Innovation in Law Enforcement

By Editors | 10/03/2024

The updated toolkit provides additional guidance for law enforcement agencies on AI governance, ethics and strategy development.

AML / KYC

Singapore Police, Banks Deploy RPA Technology to Combat Scams

By Editors | 08/03/2024

Over two months, the tech was used to send more than 15,000 SMSes to potential victims alerting them to the deceptive schemes they were entrenched in.

AML / KYC

UK Companies House Probes Erroneous Filings in Corporate Register

By Editors | 08/03/2024

Companies House this week gained new powers that allow it greater powers to query information and request supporting evidence.

AML / KYC

FCA Gives Firms 6 Months to Address Financial Crime Concerns

By Editors | 07/03/2024

The regulator found controls that haven’t kept pace with business growth, firms that aren’t properly resourced, and failures to properly assess risks.

AML / KYC

AUSTRAC Launches AML Probe Into Gambling Company Bet365

By Sanday Chongo Kabange | 07/03/2024

The probe follows a Nov 2022 order from AUSTRAC requiring Bet365 to appoint an external auditor to assess AML/CTF compliance.

AML / KYC

Singapore ACRA to Streamline Corporate Regulatory Processes

By Nithya Subramanian | 06/03/2024

A tiered framework will be established to enable ACRA to disclose data to meet statutory obligations relating to anti-money laundering.

AML / KYC

Singapore Shell Companies Linked to Illicit Activity in India

By Nithya Subramanian | 06/03/2024

India’s Enforcement Directorate has uncovered a web of money laundering activities involving the use of shell companies from Singapore.

AML / KYC

Financial Crime Compliance Costs Grow in APAC: Study

By Nithya Subramanian | 06/03/2024

A study from LexisNexis Risk Solutions finds the higher costs are attributed to technology, labour, and the growing use of crypto and AI tech for illicit activities.