Tag: AML

Regulatory Watch News

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  FATF President Elisa de Anda addressed participants at today’s FATF Joint Experts Meeting hosted by UNODC

  FATF

  January 9, 2025

  "Almost 80% of countries are at a low or moderate level of effectiveness on asset recovery. This is a stark reality. 80% of countries around the world are not able to achive significant outcomes in confiscating criminal property. This not only allows criminals to benefit monetarily but gives life to their future operations." Elisa de Anda Madrazo FATF President Joint Experts Meeting 8 January 2025

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  Fraudulent websites and internet banking login screens related to Nanyang Commercial Bank, Limited

  HKMA

  January 9, 2025

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Nanyang Commercial Bank, Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA.  A hyperlink to the press release is available on the HKMA website.

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  Florida Woman Sentenced for Laundering Millions of Dollars from Romance Scams

  US Department of Justice

  January 8, 2025

  A Florida woman was sentenced today to 30 months in prison for her role in a money laundering conspiracy connected to romance scams that defrauded American victims. Cristine Petitfrere, 30, of Miramar, Florida, was sentenced after admitting to personally laundering millions of dollars as part of her participation in the conspiracy. Petitfrere helped to funnel large sums of money from victims of romance scams into the hands of her overseas co-conspirators, retaining a portion as payment for her services and transferring the rest.