by Argus | Anti Money Laundering, News
Australia’s anti-money laundering regulator has warned that it is likely to take more action against the nation’s top financial institutions after being “flooded” with reports of potential money- laundering breaches. Nicole Rose, Austrac Chief executive, has said that...
by Argus | Anti Money Laundering, Financial Institutions, News
Central Bank of Singapore has raised its watch against money launderers who are increasingly using shell companies to hide their transactions. Over the past year, banks had closed accounts of several onshore shell companies after detecting unlawful transactions....
by Argus | Anti Money Laundering, Compliance, Financial Institutions, News, Regulatory Compliance
Following a series of financial crime scandals, including its alleged role in handling money embezzled from the Malaysia state-owned investment fund 1MDB, Deutsche Bank is back in the news. The bank has launched a Client-Data compliance probe after laying off...
by Argus | Anti Money Laundering, Consultation Paper, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Capital Markets Services License (CMSL) – Dealing in Capital Market Products The article gives a brief introduction about Capital Market Products, specifically the requirements surrounding the criteria for grant of a CMSL and additional...
by Argus | Anti Money Laundering, Financial Institutions, News, Regulatory Compliance
Global money-laundering regulator takes on Cryptocurrencies In the first worldwide attempt to restrict Cryptocurrencies, Financial Action Task Force (FATF) demanded countries tighten oversight of digital exchanges to prevent them being used to launder criminal money....
by Argus | Anti Money Laundering, Compliance, News, Regulatory Compliance
Deutsche Bank threatens to axe 1,000 clients in compliance review In a move following a compliance review, Deutsche Bank has sent letters to almost 1,000 corporate clients to warn them they will lose access to basic banking services within weeks because it has not...
