Tag: CFT

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NEWS: FinCEN circulates jurisdictions coming on/off FATF watchlist

NEWS: Outgoing IRS-CI chief Jim Lee’s first port of call is ‘European Anti-Financial Crime Summit 2024,’ Dublin on May 16

NEWS: GIZ conference in Bonn addresses terrorist financing risks and financial inclusion

IN PHOTOS: Madrid AML/CFT Conference 2023

AUSRTAC has released guidance on its new 'tipping off' rules

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NEWS: Crown and AUSTRAC reach agreement on $450M penalty

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EBA launches consultation on amending crypto asset AML/CFT regulations

BOOK: ‘War on Dirty Money’ reveals disconnect between armies of private sector compliance teams costing $200BN and resource-starved law enforcement

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LATEST: Improvements in Lithuania’s AML abilities says MONEYVAL report; ‘minor shortcomings’ remain

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INSIGHT: Dutch banks introduce additional fees to cover cost of AML/CFT checks on companies and churches

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LATEST: Some progress by China on AML/CFT deficiencies leads to upgrade on two FATF recommendations; country remains in ‘enhanced follow up’

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NEWS: Cambodia invites FATF for on-site inspection, as Interior Minister says ‘substantial progress’ has been made

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LATEST: Banking group wants EU to prevent Member States reducing proposed €10K ceiling on cash transactions

FMA warns against offerings by Guru4Invest
FMA
May 15, 2025
This provider is not authorised to conduct securities transactions in Austria that require a licence, and is not allowed to execute orders on behalf of clients in accordance with Article 3 para. 2 no. 6 of the Securities Supervision Act 2018 (WAG 2018; Wertpapieraufsichtsgesetz 2018).
17 providers of criminal banking services arrested
Europol
May 15, 2025
In a prime example of the interconnection between criminal networks, Europol supported the takedown of a criminal parallel banking organisation with multiple branches spread out across Europe. The action day conducted on 14 January 2025 across Austria, Belgium and Spain constitutes a direct follow-up to two successful operations against migrant smugglers (as reported on 4 July 2023 and as 13 August 2023). A total of 17 individuals were arrested (15 in Spain, 1 in Austria, 1 in Belgium). A large amount of criminal assets worth over EUR 4.5 million, 4 shotguns and several electronic devices were seized.
SFC forges regional consensus on regulatory collaboration to combat online scams at IOSCO Annual Meeting
Securities and Futures Commission
May 15, 2025
The Securities and Futures Commission (SFC) steered Asia-Pacific securities regulators to reach an agreement on closer collaboration to combat online investment scams at the 50th International Organization of Securities Commissions (IOSCO) Annual Meeting in Doha, Qatar, this week (Note1). Chaired by the SFC’s Chief Executive Officer (CEO) Ms Julia Leung, the IOSCO Asia-Pacific Regional Committee (APRC) met to discuss the emerging trends and risks faced by capital markets in the region. Members exchanged views on the prevalence of deepfake-driven online investment scams and the growing phenomenon of finfluencers.