AML / KYC

AML / KYC

Singapore Police Warns of Banking-related Phishing Scams

By Editors | 24/05/2022

Phishing scams involving the impersonation of bank employees have increased from 149 cases in 2020 to 1,021 cases last year.

AML / KYC

US SEC Fines Wells Fargo Advisors $7m for AML Failures

By Editors | 24/05/2022

Wells Fargo Advisors was fined for failing to timely file 34 SARs. This is the second BSA action against the firm in the last five years.

AML / KYC

G7 Urges FSB to Swiftly Develop Regulations for Crypto

By Manesh Samtani | 22/05/2022

FSB asked to “advance the swift development and implementation of consistent and comprehensive regulation of crypto-asset issuers and service providers”.

AML / KYC

Crypto Firms Launch Scam Reporting Platform: Chainabuse

By Editors | 22/05/2022

Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.

AML / KYC

Fugitive Former Banker from Bangladesh Arrested in India

By Editors | 22/05/2022

PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.

AML / KYC

Australia: FSC Calls for Measures to Stop Online Scam Ads

By Editors | 22/05/2022

The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.

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.