AML/CFT

Tariffs are rising globally: and so is TBML risk. Higher duties distort prices, reroute trade and create new incentives for mis-invoicing, transshipment and hidden value transfer. Read here: aml.cx/kxgxc

🚨 ACIP releases best practices on Source of Wealth (SoW) due diligence. Practical, risk-based guidance with real case studies for FIs across all segments. 🔗 aml-cft.net/acip-releases-…

Seychelles offshore services provider highlighted in the Pandora Papers shuts down operations - ICIJ #amlcft aml.cx/pmwou

The FATF global financial crime watchdog removes Philippines from 'grey' list | Reuters #amlcft aml.cx/p2ma8

HSBC touts 50% increase in suspicious transactions intercepted in past year | South China Morning Post #amlcft aml.cx/55zdx

Singapore police helped in Interpol’s largest anti-human trafficking op; over 3,200 victims rescued | The Straits Times #amlcft aml.cx/vk5oq

Singapore Recovers Billions of Dollars in Money Laundering Case | OCCRP #amlcft aml.cx/frb1b

De-banking conundrum: right to bank vs a bank’s right to choose - FTAdviser #amlcft ftadviser.com/regulation/202…

Open registers are only way to stop dirty money that underpins crime | Margaret Hodge and Andrew Mitchell | The Guardian #amlcft aml.cx/6vrlc

US regulators warn bankers about intensified focus on financial crime | Reuters #amlcft aml.cx/ddqri

Singapore broadens scope of mutual legal assistance for cross-border crime under new law singaporelawwatch.sg #amlcft aml.cx/he3o6

How shell companies can be used to facilitate financial crime #amlcft aml.cx/rpgsn

FinCEN regulations that are combatting corruption and impacting the real estate industry | Reuters #amlcft aml.cx/z0hbn

Billion-dollar money laundering case: 15 of 17 foreigners who fled Singapore agree to surrender S$1.85b of assets - CNA #amlcft aml.cx/fhup6

G20 & corporate transparency: Put your money where… - Transparency.org #amlcft aml.cx/7islk

Australia-UK Joint Statement from the second UK-Australia Illicit Finance Dialogue - GOV.UK #amlcft aml.cx/krv81

[FATF] Money Laundering National Risk Assessment Guidance #amlcft aml.cx/w719m

Criminal networks in South-east Asia flourish in Telegram’s ‘underground markets’: UN report | The Straits Times #amlcft aml.cx/bnz5r

HKMA seeks bank sharing of personal account information in war against financial crime | South China Morning Post #amlcft aml.cx/ju8pb

Singapore Publishes National Anti-Money Laundering Strategy #amlcft aml.cx/pju2r