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AUSTRAC to Audit Three Bell Financial Group Entities to Evaluate AML/CFT Compliance

AUSTRAC has called for the audit of three entities under the Bell Financial Group, including Bell...

AUSTRAC to Audit Three Bell Financial Group Entities to Evaluate AML/CFT Compliance Explore More

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Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission

According to findings of a multi-agency investigation released by the NSW Crime Commission, pubs ...

Pokies are Safe Havens for Criminals to Clean Dirty Money – Says NSW Crime Commission Explore More

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Study Reveals Alabama to be the Center for Identity Theft and Fraud

According to the latest study, Alabama has become the state with one of the highest rates of iden...

Study Reveals Alabama to be the Center for Identity Theft and Fraud Explore More

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1.6M Unemployment Claim Filers Exposed Due to Data Breach

The Washington State Auditor’s Office has investigated an incident that has exposed the personal ...

1.6M Unemployment Claim Filers Exposed  Due to Data Breach Explore More

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China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes

China’s three major banking regulators have issued a warning against non-fungible tokens (NFTs) w...

China’s Law Enforcement Authorities Issue Warning Against NFTs to Curb Financial Crimes Explore More

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State Street Bank fined $1.24 million for breaching AML laws

The US-based State Street bank has been hit with million-dollar money laundering fine. The Austra...

State Street Bank fined $1.24 million for breaching AML laws Explore More

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ECB Releases Paper Revealing Financial Crime Risks in Cross-border Payments

ECB has released a paper that reveals the financial risks associated with cross-border payments, ...

ECB Releases Paper Revealing Financial Crime Risks in Cross-border Payments Explore More

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Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020

According to Russia’s largest state-owned bank, Sberbank, the total amount the citizens along wit...

Sberbank Warns Russians; Cybercrime Cost the Nation $49bn in 2020 Explore More

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Global regulators propose stricter scrutiny of derivatives clearers amidst deadlock with banks

LONDON – Global regulators have suggested greater scrutiny of clearinghouses managing trill...

Global regulators propose stricter scrutiny of derivatives clearers amidst deadlock with banks Explore More

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AMLC Proposing Strict Monitoring Measures for FX Trading To Tackle Money Laundering

The AMLChas increased the monitoring process on FX declarations. All the inbound and outbound cha...

AMLC Proposing Strict Monitoring Measures for FX Trading To Tackle Money Laundering Explore More

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Betting and Gambling Council Host AML Training for Gambling Industry

During the Gambling Anti-Money Laundering Group (GAMLG) training day on September 6th, the Bettin...

Betting and Gambling Council Host AML Training for Gambling Industry Explore More

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Property Brokers in New Zealand Given Official Warning over AML/CFT Compliance

An eighty-branch real estate agency in New Zealand, Property Brokers, has received their first fo...

Property Brokers in New Zealand Given Official Warning over AML/CFT Compliance Explore More

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Police warns after an increase in online scams selling face masks

The Cleveland Police has warned the public regarding the increasing number of Coronavirus related...

Police warns after an increase in online scams selling face masks Explore More

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Ledger Owners Scammed worth 1.1 Million XRP

Earlier this year Legsdger customers faced a leak of email and personal information. Now they are...

Ledger Owners Scammed worth 1.1 Million XRP Explore More

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CBUAE Issues New AML/CTF Guidelines for the Insurance Sector

The Central Bank of the UAE (CBUAE) has announced new Anti Money Laundering and Countering Terror...

CBUAE Issues New AML/CTF Guidelines for the Insurance Sector Explore More

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Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment

On August 7th, the Hong Kong Securities and Futures Commission (SFC) warned all platforms working...

Hong Kong Authorities Warn Unregistered Virtual Assets Platforms May Face Large Fines and Imprisonment Explore More

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Anti-Money Laundering Laws Require NGOs to Disclose Their Funding Sources

Principal Secretary for Internal Security, Dr Raymond Omollo, has sent a directive to Non-Governm...

Anti-Money Laundering Laws Require NGOs to Disclose Their Funding Sources Explore More

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Colombian Money Laundering Watchdog Delays Crypto Transaction Reporting Regime

The UIAF has postponed the date for crypto exchanges and individuals to start reporting their tra...

Colombian Money Laundering Watchdog Delays Crypto Transaction Reporting Regime Explore More

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EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More

The EU’s parliament, commission, and council are set to initiate discussions on the issue of anti...

EU Lawmakers to Initiate Discussions on AML Laws for Bitcoin, Ethereum & More Explore More

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HM Revenue & Customs (HMRC) Fines Property Firms Over £1 Million for Money Laundering Violations

HM Revenue & Customs has fined property firms more than £1 million for not complying with ant...

HM Revenue & Customs (HMRC) Fines Property Firms Over £1 Million for Money Laundering Violations Explore More

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UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021

London incurred the highest amount of losses to cybercrime and fraud in the first half of 2021, a...

UK has Suffered Fraud and Cyber Crime Losses Worth £1.3 Billion in 2021 Explore More

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Rules for AMLC Inquiry for Bank Accounts Released by the Court of Appeals (CA)

On Sunday, the Court of Appeals (CA) issued its rule of process for assessing the deposit or inve...

Rules for AMLC Inquiry for Bank Accounts Released by the Court of Appeals (CA) Explore More

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The Czech Republic Government Amends Beneficial Ownership Law to Meet AML Obligations

The Czech Republic government revised Beneficial Ownership Law upon the European Commission’...

The Czech Republic Government  Amends  Beneficial Ownership Law to Meet AML Obligations Explore More

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FATF Updates on South Africa’s AML Compliance Progress

A report on South Africa’s progress in implementing AML procedures to prevent money launder...

FATF Updates on South Africa’s AML Compliance Progress Explore More

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Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog

Credit cards should not be used for crypto-related transactions, as stated by Taiwan’s financial ...

Credit Cards are Risky for Crypto Transactions, Says Taiwan’s Financial Watchdog Explore More

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Anti-Money Laundering Initiative in Ireland Extended to Bitcoin

Cryptocurrency buyers and sellers in Ireland, under the new anti-money laundering regime, will no...

Anti-Money Laundering Initiative in Ireland Extended to Bitcoin Explore More

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Thousands of NSW driver’s licenses exposed online in a data breach

Last week, tens of thousands of NSW driver’s licenses were left exposed online. The breach was ac...

Thousands of NSW driver’s licenses exposed online in a data breach Explore More

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Uganda Remains Greylisted by FATF for Money Laundering

There will be no change to Uganda’s status on the “grey list” due to the countr...

Uganda Remains Greylisted by FATF for Money Laundering Explore More

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CBR to Restrict Crypto-Related Transactions to Prevent Financial Crime

The Central Bank of Russia is limiting ways for cryptocurrency investments including blocking pay...

CBR to Restrict Crypto-Related Transactions to Prevent Financial Crime Explore More

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Hong Kong Sees 20-fold Spike in Investment Scam Losses – Report

According to the Police, 725 cases of investment scams occurred within the first seven months of ...

Hong Kong Sees 20-fold Spike in Investment Scam Losses – Report Explore More

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NDAA Passed to Strengthen the Financial Crime Monitoring in the USA

The House of Representatives has passed the National Defense Authorization Act to strengthen the ...

NDAA Passed to Strengthen the Financial Crime Monitoring in the USA Explore More

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SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money

The current scenario of the Sri Lankan currency’s downfall has become a reason for money la...

SriLankan Government to Enforce Money Laundering Law to Restrict Illicit Flow of Money Explore More

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Defendants plead guilty of allegations in Medicare Fraud in U.S. District Court

Two defendants, Jessica Jones from Colorado, and Elizabeth Putulin from Florida pleaded guilty to...

Defendants plead guilty of allegations in Medicare Fraud in U.S. District Court Explore More

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Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings

The Dutch Central Bank (DeNederlandscheBank) has charged Coinbase for having ineffective anti-mon...

Dutch Central Bank Strikes Coinbase with €3.3 Million Fine over Anti-Money Laundering Failings Explore More

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US to Form ‘Digital Asset Working Group’ to Clarify Crypto Regulations

The U.S financial regulators are to work collectively to develop modalities for explicit crypto r...

US to Form ‘Digital Asset Working Group’ to Clarify Crypto Regulations Explore More

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ePayments Systems Ltd to Permanently Close its Operations Due to Insufficient AML Protocols

FCA accused ePayments Systems Ltd of AML compliance failure. The financial money institution has ...

ePayments Systems Ltd to Permanently Close its Operations Due to Insufficient AML Protocols Explore More

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Singapore’s Public Warned Against the Highly Volatile Crypto World

Singapore’s financial regulators once again warn their public about the risks of the cryptocurren...

Singapore’s Public Warned Against the Highly Volatile Crypto World Explore More

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FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments

FinCEN alerted all the Financial Institutions warning about the risk of investment from sanctione...

FinCEN Alerts FIs of Sanction Evasion by Russian Entities Implicated in U.S. Commercial Property Investments Explore More

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FBI Warns of Tech Support Scammers Compromising Financial Accounts

The Boston Division of the Federal Bureau of Investigation (FBI) has warned of an increase in num...

FBI Warns of Tech Support Scammers Compromising Financial Accounts Explore More

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Largest Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations

Banco de Occidente, Columbia’s largest banking cooperation Grupo Aval owned by one of the richest...

Largest  Banking Cooperation in Columbia Busted for Violating Anti-money Laundering Regulations Explore More

News

UK Government to Introduce Age Verification Laws For Adult Websites

To restrict minors’ access to adult-oriented content, the UK government is working on impos...

UK Government to Introduce Age Verification Laws For Adult Websites Explore More

News

Sri Lankan AMLO Fines a Bank and Two Finance Firms for Non-Compliance

Approximately two million rupees worth of fines were imposed on three financial institutions in S...

Sri Lankan AMLO Fines a Bank and Two Finance Firms for Non-Compliance Explore More

News

Banks warned against profiteering from UK coronavirus crisis

British institutions, including banks, have been urged to avoid profiteering from the Coronavirus...

Banks warned against profiteering from UK coronavirus crisis Explore More

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Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals

Liberia, one of the poorest countries in the world, is said to spend an enormous and highly suspi...

Liberian Ministers Allegedly Laundering Money Using Foreign Lobbying Contracts, Investigation Reveals Explore More

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Kenyan Authorities Freeze Accounts of Two Nigerian Companies for Allegedly Laundering Sh6 billion

Kenyan authorities have frozen accounts containing Sh45 million belonging to two Nigerian compani...

Kenyan Authorities Freeze Accounts of Two Nigerian Companies for Allegedly Laundering Sh6 billion Explore More

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EBA Issues Guidance on the Roles of AML/CFT Compliance Officers

The European Banking Authority has published guidelines that state the roles of Anti-money launde...

EBA Issues Guidance on the Roles of AML/CFT Compliance Officers Explore More

News

Hong Kong Licenses Crypto Exchanges, Limiting Services to Professional Investors

Digital currency exchanges in Hong Kong will be obliged to apply for a license prior to offering ...

Hong Kong Licenses Crypto Exchanges, Limiting Services to Professional Investors Explore More

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US Treasury Launches New Financial Force to Combat Illegal Fentanyl Trade

The US Treasury Department has announced the launch of the Counter-Fentanyl Strike Force to comba...

US Treasury Launches New Financial Force to Combat Illegal Fentanyl Trade Explore More

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US Judge Approves Danske Bank’s $2 Billion Settlement to End Estonia Probe

A US judge has approved Danske Bank’s guilty plea in a $2 billion pact to end a probe into ...

US Judge Approves Danske Bank’s $2 Billion Settlement to End Estonia Probe Explore More

News

EU Freezes $130 Million Worth of Assets Linked to Money Laundering in Lebanon

France, Germany, and Luxembourg have seized the properties and frozen assets worth $130 million l...

EU Freezes $130 Million Worth of Assets Linked to Money Laundering in Lebanon Explore More

News

BitMEX Founders Admit Violating Anti-Money Laundering Regulations

Two of the co-founders of crypto exchange BitMEX Arthur Hayes and Benjamin Delo have pleaded guil...

BitMEX Founders Admit Violating Anti-Money Laundering Regulations Explore More

News

A European Money-Laundering Network Captured by French National Gendarmerie

A money-laundering network in France was under investigation for 18 months by French National Gra...

A European Money-Laundering Network Captured by French National Gendarmerie Explore More

News

Identity Theft Pushed to New Records with Buy-Now-Pay-Later Boom in Australia

BNPL (Buy-Now-Pay-Later) policy in Australia has given a rise to identity theft and has doubled t...

Identity Theft Pushed to New Records with Buy-Now-Pay-Later Boom in Australia Explore More

News

Twitter Reveals Plans of Addressing Deepfakes

Last month, Twitter announced that it was working on plans to better handle the rising issues of ...

Twitter Reveals Plans of Addressing Deepfakes Explore More

News

Estonian Government to Strengthen AML Framework to Lift Crypto Ban

The Estonian Finance Ministry drafted AML amendments that will affect virtual asset service provi...

Estonian Government to Strengthen AML Framework to Lift Crypto Ban Explore More

News

FCA Takes NatWest to Court over Money Laundering Charges

The National Westminster Bank has been accused of neglecting the anti-money laundering regulation...

FCA Takes NatWest to Court over Money Laundering Charges Explore More

News

SEC Move Ahead with Regulation of Virtual Assets Service Providers (VASPs)

Ghana’s Security Exchange Commission (SEC) has begun endorsing plans to regulate the crypto indus...

SEC Move Ahead with Regulation of Virtual Assets Service Providers (VASPs) Explore More

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DC lawyers can now accept crypto for legal fees

According to a report by Bloomberg Law, cryptocurrency can now be used to pay for legal services ...

DC lawyers can now accept crypto for legal fees Explore More

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New Zealand’s FMA Issues New ID Verification Guideline

A new explanatory note has been issued by New Zealand identifying the sources of information that...

New Zealand’s FMA Issues New ID Verification Guideline Explore More

News

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations

The Financial Conduct Authority (FCA) has fined Gatehouse Bank £1.58 million. The regulator disco...

FCA Fines Gatehouse Bank £1.58mn for Breaching Money Laundering Regulations Explore More

News

Updated AML Regulation for Australian Digital Currency Exchange

The attorney-General proposed changes to AML/CTF frameworks in April 2023. The Australian Governm...

Updated AML Regulation for Australian Digital Currency Exchange Explore More

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UAE to Include Crypto Framework in their 2021 Business Agenda

The financial watchdogs in the UAE are looking towards developing a detailed crypto framework in ...

UAE to Include Crypto Framework in their 2021 Business Agenda Explore More

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FATF Criticized Cash-Rich Germany Over Money Laundering Concerns

FATF dealt a blow to Germany’s reputation, which considered itself high regarding its reput...

FATF Criticized Cash-Rich Germany Over Money Laundering Concerns Explore More

News

Canada’s Anti-Money Laundering Crackdown Gets Support From Coalition

The Canadian government has swiftly responded to a call for action from an alliance of organizati...

Canada’s Anti-Money Laundering Crackdown Gets Support From Coalition Explore More

News

Asia/Pacific Group on Money Laundering Releases 2021 Typologies Report

The report has highlighted areas of high priority that need further study and the risks associate...

Asia/Pacific Group on Money Laundering Releases 2021 Typologies Report Explore More

News

EU Removes Iraq From List of High-Risk Money Laundering Countries

Iraq has been de-listed from the EU’s list of high-risk countries for money laundering and terror...

EU Removes Iraq From List of High-Risk Money Laundering Countries Explore More

News

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud

Sophisticated invoice redirect fraud in Ireland has resulted in the loss of €10 Million for busin...

Irish Businessmen lost More than €10 Million in Invoice Redirect Fraud Explore More

News

Coronavirus: UK economy recovering gradually, says Bank of England

Bank of England (BOE) governor, Andrew Bailey, stated that there are signs of the UK economy grad...

Coronavirus: UK economy recovering gradually, says Bank of England Explore More

News

Japan’s FSA Deems Crypto Dealers Necessary for Ongoing AML Efforts

Japan’s federal regulatory authority FSA lays ground for anti money laundering requirements for c...

Japan’s FSA Deems Crypto Dealers Necessary for Ongoing AML Efforts Explore More

News

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide

More than 40 ransomware attacks have been attributed to BlackMatter, a ransomware-as-a-service gr...

Tech Giant Olympus Hit by Ransomware Attack from ‘BlackMatter’, Successor of DarkSide Explore More

News

Nexo to Sue Bulgarian State over Money Laundering Allegations

The Bulgarian crypto lending bank, Nexo, revealed that it would file legal action against the Bul...

Nexo to Sue Bulgarian State over Money Laundering Allegations Explore More

News

The Ringleader of a Crypto-Ponzi Scheme Arrested After a Flee Attempt

Mathew Piercey, a Ponzi scheme leader who defrauded $35 million for crypto mining and other inves...

The Ringleader of a Crypto-Ponzi Scheme Arrested After a Flee Attempt Explore More

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