AML / KYC

AML / KYC

Thailand to Introduce Rules for Digital Asset Wallet Providers

By Editors | 02/02/2021

The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.

AML / KYC

China Punishes Former CBIRC Official for Corruption

By Editors | 02/02/2021

The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.

AML / KYC

How Financial Institutions View Digital Identity: Survey

By Editors | 01/02/2021

RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.

AML / KYC

BSP Updates VASP Rules to Align with FATF Requirements

By Editors | 28/01/2021

The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.

AML / KYC

AUSTRAC Consults on AML/CTF Rules for Phase 1.5 Reforms

By Editors | 28/01/2021

The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.

AML / KYC

Fighting TBML to Sustain a Post-pandemic Recovery in APAC

By Claus Christensen | 27/01/2021

As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.

AML / KYC

Australian Police Arrest Dutch National on Money Mule Charges

By Editors | 27/01/2021

The 22-year-old was used to receive funds stolen from Australian bank accounts by a cybercrime syndicate before he transferred it overseas with Bitcoin.

AML / KYC

Index Providers to Remove More Chinese Firms from Indexes

By Editors | 26/01/2021

MSCI and FTSE Russell say they will remove five more Chinese companies from their global indexes in the absence of further OFAC guidance.

AML / KYC

BSP Highlights AML Risks of Cash, Cross-Border Payments

By Editors | 24/01/2021

Suspected criminal proceeds mostly came from Australia, Germany, Singapore, the UK and the US. The top destinations of suspected illicit funds were Hong Kong, Singapore and the US.