Category: MEA

Page 8/10

Premium

DEADLINE: Decision on UAE ‘grey listing’ to be announced March 4 as Emirates steps up campaign to avoid likelihood of joining FATF watchlist

Premium

EU removes Iraq from high-risk money laundering list; EU ambassador says this will ‘pave the way for deepening financial cooperation and investment’

FATF

Premium

BREAKING: Dubai’s position as financial capital of the Middle East at risk as FATF considers ‘grey listing’ UAE over AML concerns

Premium

‘It means a lot;’ transparency advocate praises milestone in Seychelles as first major money laundering cases prosecuted

Premium

PANDORA PAPERS: New ICIJ report dubs UAE a ‘secrecy haven’ following careful analysis of shell companies and bad actors within Gulf nation.

Premium

CRYPTO: Israel sets higher standards for virtual asset service providers with new order to take effect immediately

Premium

BREAKING: South Africa’s struggle with ‘state capture’ has shown itself through consistent AML failings, FATF says in latest report

Premium

UAE affirms commitment to money laundering crackdown in latest bid to clean up international image

Premium

Financing the Taliban, how the world’s most infamous terrorist organisation funds itself

Premium

Saudi money laundering gang jailed for 24 years and fined SR 140 Million (€32 Million) in major bust

Premium

UAE and China to share information in bid to crack down on dirty money

Premium

NEWS UPDATE: Alleged top Al Qaeda money launderer is one of 5,000 prisoners released as Taliban take Bagram prison, report says

...

FinCEN Finds Cambodia-Based Huione Group to be of Primary Money Laundering Concern, Proposes a Rule to Combat Cyber Scams and Heists
FinCEN
May 2, 2025
WASHINGTON — Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a finding and notice of proposed rulemaking (NPRM) pursuant to Section 311 of the USA PATRIOT Act that identifies Cambodia-based Huione Group as a financial institution of primary money laundering concern and proposes to sever its access to the U.S. financial system. Huione Group serves as a critical node for laundering proceeds of cyber heists carried out by the Democratic People’s Republic of Korea (DPRK), and for transnational criminal organizations (TCOs) in Southeast Asia perpetrating convertible virtual currency (CVC) investment scams, commonly known as “pig butchering” scams, as well as other types of CVC-related scams. Given the money laundering risk posed by Huione Group, FinCEN is proposing to prohibit U.S. financial institutions from opening or maintaining correspondent or payable-through accounts for or on behalf of Huione Group.
FCA seeks feedback on regulation of cryptoasset trading platforms in next phase of road to regulation
Financial Conduct Authority
May 2, 2025

The FCA is seeking views on the future regulation of specific cryptoasset activities, ahead of legislation to bring them within regulation.

Clear crypto regulation will boost confidence in the sector, supporting growth. In this latest discussion paper (DP), the FCA is seeking views on intermediaries, staking, lending and borrowing, and decentralised finance. With more people using credit to purchase crypto, the DP also considers whether restrictions should be applied in that area.
Website Alert – Fraudulent website related to Bank Julius Baer & Co. Ltd.
HKMA
May 2, 2025
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank Julius Baer & Co. Ltd. relating to a fraudulent website, which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.