【Cayman Islan】Monetary Authority stepped up money laundering inspections in 2024
Editor’s NoteThe Cayman Islands Monetary Authority has intensified its AML/CFT oversight, conducting 28% more onsite inspections in 2024. The latest…
AML
【New Delhi, I】Finance Ministry Tightens Grip on World’s Largest Crypto Exchange, Slaps Binance with 18.82 Crore Fine
Editor’s NoteIndia’s Financial Intelligence Unit has fined cryptocurrency exchange Binance approximately $2.25 million for violations of anti-money…
【Hong Kong】Aligning with Global Trends: Registration Regime for Precious Metals and Stones Dealers Offers Greater Protection for Businesses
Editor’s NoteHong Kong has implemented a new registration regime for dealers in precious metals and stones to strengthen its anti-money laundering…
Best Cryptocurrency Anti-Money Laundering and Compliance Solutions for 2025
Editor’s NoteAs regulatory frameworks for cryptocurrency evolve globally, implementing robust AML compliance and monitoring tools is no longer…
【Vietnam】Vietnam Updates Anti-Money Laundering Framework: Reporting on Large Cash Transactions
Editor’s NoteThis article discusses Vietnam’s new financial reporting rules for large domestic cash transfers, a significant move in the country’s…
【Mexico】SAT Strengthens Its Anti-Money Laundering Campaign
Editor’s NoteThis article outlines the Mexican Tax Administration Service’s (SAT) latest efforts to combat money laundering, focusing on enhanced…
【Colombo, Sri】Sri Lanka Urges Gem and Jewellery Dealers to Appoint Compliance Officers
Editor’s NoteThis directive from Sri Lanka’s central bank and the National Gem & Jewellery Authority mandates all dealers in the sector to appoint a…
【Vancouver, C】Jeweller Failed to Report Suspicious Transactions, Will Pay $264K Penalty, FINTRAC Says
Editor’s NoteThis report highlights the significant financial and legal consequences for businesses that fail to comply with anti-money laundering…
【Kuwait】Kuwait Targets Illegal Activity in Precious Metals Trade with New Guide
Editor’s NoteThis new guide from the Ministry of Commerce and Industry addresses a critical vulnerability. By outlining how illicit funds exploit the…
【China】China to Put Alipay, Tenpay Under Tighter Anti-Money Laundering Scrutiny
Editor’s NoteChina’s central bank is proposing a major overhaul of its anti-money laundering and counter-terrorism financing framework, aiming to…