Taiwan and Other Regions 3/9

Nov 17, 20242 min read

Ex-general manager of pharmaceutical wholesaler among three charged by ICAC over $1.1m service fees fraud and money laundering

A then general manager of a pharmaceutical wholesaler and his subordinate were charged by the ICAC yesterday (November 12) for making...

Nov 10, 20242 min read

Draft revision on anti-money laundering law submitted for deliberation

A draft revision to the Anti-Money Laundering Law was submitted for a third deliberation at a session of China's top legislature on...

Nov 10, 20244 min read

Singapore plans ‘whole-of-government data-sharing interface’ to tackle money laundering

Singapore is to develop a ‘whole-of-government data-sharing interface’ to tackle money laundering amid ‘increasingly complex’ risks. The...

Nov 3, 20241 min read

US probes Tether for money laundering violations: WSJ

The news: The US government is investigating cryptocurrency firm Tether for possible breaches of anti-money laundering (AML) and...

Nov 3, 20242 min read

DOJ Charges AurumXchange Operator in $30M Silk Road Money Laundering Case

The United States Department of Justice (DOJ) has charged Maximiliano Pilipis, a former exchange operator, with money laundering in Silk...

Nov 3, 20241 min read

Singapore publishes national anti-money laundering strategy

Singapore has published its 32-page national anti-money laundering (AML) strategy, as part of continuing efforts to maintain the...

Nov 3, 20241 min read

BofA Says Regulators May Take Action Over Money Laundering, Zelle

Bank of America Corp. said U.S. regulators may take action against the firm over its efforts to detect suspected money laundering and...

Nov 3, 20242 min read

Insurance intermediary charged by ICAC guilty of conspiring with policyholders over insurance claims fraud

An insurance intermediary, charged by the ICAC, was today (October 31) convicted at the Eastern Magistrates’ Courts of conspiring with...

Oct 28, 20245 min read

Singapore’s first best practice paper on enhancing anti-money laundering audit in banks launched by ABS and industry group

Singapore’s first industry-led best practice paper to enhance Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT)...

Oct 28, 20241 min read

FinCEN Assesses $900,000 Civil Money Penalty Against Lake Elsinore Hotel and Casino for Violations of the Bank Secrecy Act

WASHINGTON—The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $900,000 civil money penalty ...