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Financial crime compliance costs in APAC to top $50 billion this year
Increased geopolitical risk, money-laundering laws and tech investment are making financial crime compliance more expensive, says LexisNexis. Read more…
money laundering
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Singapore to create digital platform to fight money laundering
Singapore’s central bank to create a digital platform as part of efforts to prevent money laundering and financing of criminal activity. Read more…
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Macau plans to use China’s future digital currency could deal a fatal blow
Macau’s plans to use China’s future digital currency will help Beijing curb money laundering, could deal fatal blow to casino operators. Read more…
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India launches probe against dubious China-backed fintech lending apps
India has ordered authorities to investigate over two dozen China-backed fintech lenders and for cost gateways to stop dealing with them. Read more…
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Criminals becoming sophisticated, using cryptocurencies to launder money
Criminals are becoming more sophisticated in their use of cryptocurrencies to launder money, as they funnel money through digital wallets. Read more…
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Chinese money brokers have upended the way narcotics cash is laundered
Chinese money brokers have upended the way narcotics cash is laundered and are displacing Mexican and Colombian money men that once dominated. Read more…
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Australia audits PayPal for laundering, terror law compliance
Australia’s financial intelligence agency has ordered an audit of PayPal’s compliance with local anti-money laundering and counter-terrorism financing laws Read more…
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Watchdog crackdown on cryptocurrency money laundering
Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog ha said. Read more…