Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Financial Crime

LATEST: Singapore authorities demand records from 12 banks as money laundering probe expanded

Premium August 24, 2023

CHARGED: Both Wang Qiming and Liu Kai were relationship managers and Chinese nationals employed by Citibank and Swiss private bank Julius Baer, according to a Singapore Police Force statement and the court documents. FILE PHOTO: Singapore skyline.

Premium

NEWS: Final countdown for U.S. real estate professionals as new AML rules coming in 2025

 Premium

NEWS: Europol warns of a rise in social media being used to lure children into drug trafficking gangs

 Premium

NEWS: Michael Schmid elected as new President of EU law enforcement agency Eurojust

By Alisha Houlihan for AMLi

Singapore authorities have widened their money laundering investigation, calling for documentation from a dozen banks as part of a S$1BN(€681M) probe.  

Public prosecutors informed a court on Wednesday of their request for documents from financial institutions connected to ten individuals recently arrested and charged in one of Singapore’s largest money laundering and fraud cases.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Final countdown for U.S. real estate professionals as new AML rules coming in 2025

 Premium

NEWS: Europol warns of a rise in social media being used to lure children into drug trafficking gangs

 Premium

NEWS: Michael Schmid elected as new President of EU law enforcement agency Eurojust

Regulatory Watch News

  • Treasury Sanctions Sudanese Commander Involved in Human Rights Abuses in West Darfur

    ofac

    WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning Abdel Rahman Joma’a Barakallah (Barakallah) for his leadership role in the Rapid Support Forces (RSF), a primary party responsible for the ongoing violence against civilians in Sudan since April 2023. Barakallah led the RSF’s campaign in West Darfur, which was marked by credible claims of serious human rights abuses, including targeting of civilians, conflict-related sexual violence (CRSV), and ethnically motivated violence. This action is in furtherance of the United Nations Security Council’s November 8 designation of Barakallah and fellow RSF commander Osman Mohamed Hamid Mohamed, who was previously designated by the Department of the Treasury in May 2024.

  • FinCEN Requests Comments on Proposed Form for Compliance with Residential Real Estate Rule

    FinCEN

    WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a 60-day notice in the Federal Register concerning the form that select real estate professionals will use to report information about certain residential real estate transfers under the Residential Real Estate Rule. This notice gives the public an opportunity to comment on the reporting form, as well as FinCEN’s estimate of the burden involved in the reporting process.

  • Europol warns of organised crime networks recruiting minors for criminal acts

    Europol

    Europol has today issued an intelligence notification on the recruitment of minors by criminal networks across Europe. Developed using information contributed to Europol from law enforcement authorities, the notification exposes how criminal organisations target young people via social media and encrypted messaging to recruit them to commit acts of serious organised crime.

Sign Up To Our Newsletter

Categories

Archived articles

Contact Us