KYC360

02/08/2021

India’s aml agency is examining if Binance had a role to play in an ongoing investigation involving betting apps, according to people with knowledge of the matter.

https://kyc360.riskscreen.com/news/india-said-to-probe-binance-in-betting-app-laundering-probe/

India’s anti-money laundering agency is examining if Binance had a role to play in an investigation involving betting apps, according to people with knowledge of the matter.

02/08/2021

The UK’s financial watchdog has said it is investigating digital bank Monzo over potential breaches of aml and financial crime rules.

https://kyc360.riskscreen.com/news/monzo-under-investigation-by-fca-over-anti-money-laundering-rules/

The UK’s financial watchdog has said it is investigating digital bank Monzo over potential breaches of anti-money laundering and financial crime rules.

27/05/2021

"That anonymous shell companies are the vehicle of choice for the corrupt and criminals is no longer a secret. New cases of cross-border corruption and money laundering are reported almost on a weekly basis, where perpetrators often hide behind secretive corporate structures."

Read the full article here: http://ow.ly/d2Hl50EWuAT

31/03/2021

Honduran President Involved in Co***ne Plot, Prosecutor Says

https://www.riskscreen.com/kyc360/news/honduran-president-involved-in-co***ne-plot-prosecutor-says/

The president of Honduras has participated in a co***ne trafficking conspiracy, a prosecutor said at a hearing where the president’s brother was sentenced to life in an American prison.

31/03/2021

Gold smuggling: Third case filed against ED

https://www.riskscreen.com/kyc360/news/gold-smuggling-third-case-filed-against-ed/

The latest case is based on the statement of one of the accused in the smuggling case, alleged that he was under pressure to implicate the state government and chief minister.

31/03/2021

FATF’s New Guidance Takes Aim at DeFi

https://www.riskscreen.com/kyc360/news/fatfs-new-guidance-takes-aim-at-defi/

The Financial Action Task Force has published new draft guidance that, if implemented, could require even decentralized finance (DeFi) platforms to find a way to implement KYC rules.

30/03/2021

PayPal to Start Letting US Customers to Use Their Crypto at Checkout

https://www.riskscreen.com/kyc360/news/paypal-to-start-letting-us-customers-to-use-their-crypto-at-checkout/

PayPal will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.

30/03/2021

SRA flagged over £200m of potential money laundering by solicitors in 2020

https://www.riskscreen.com/kyc360/news/sra-flagged-over-200m-of-potential-money-laundering-by-solicitors-in-2020/

The SRA made 26 reports of suspected money laundering by solicitors to the National Crime Agency (NCA) last year, involving more than £200m in possible criminal proceeds.

30/03/2021

Malta: Reforms to the company services provider sector are now in force

https://www.riskscreen.com/kyc360/news/malta-reforms-to-the-company-services-provider-sector-are-now-in-force/

The updated rulebook for company services providers introduces, among other concepts, new risk management rules.

30/03/2021

Galápagos tortoises: 185 babies seized from smugglers

https://www.riskscreen.com/kyc360/news/galapagos-tortoises-185-babies-seized-from-smugglers/

Customs officials in Ecuador discovered 185 baby tortoises packed inside a suitcase that was being sent from the Galápagos Islands to the mainland on Sunday.

30/03/2021

EY drops appeal against $10.8m whistleblower payment

https://www.riskscreen.com/kyc360/news/ey-drops-appeal-against-10-8m-whistleblower-payment/

Global accounting and consultancy firm EY has dropped its appeal against a judge's decision ordering it to pay $10.8m to a whistleblower who flagged money laundering concerns.

30/03/2021

Money trail from Daphne murder probe stretches to China

https://www.riskscreen.com/kyc360/news/money-trail-from-daphne-murder-probe-stretches-to-china/

An investigation into allegations of high-level corruption in Malta, first levelled by murdered journalist Daphne Caruana Galizia, stretches to China and a $400m investment.