China Introduces Sweeping Changes to Anti-Money Laundering Law: New Measures Tighten Grip on Financial Crimes and Extend Global Reach
China Proposes Major Amendments to Anti-Money Laundering Law to Modernize and Strengthen Compliance
In a decisive move to enhance its anti-money laundering (AML) framework, China...
Headline: “North Korea Ousted from Asia-Pacific Anti-Money Laundering Group for Persistent Non-Compliance
North Korea Loses Observer Status Amidst Long-Standing Non-Engagement in Global Anti-Money Laundering Efforts
In a significant move reflecting its prolonged lack of cooperation, North Korea...
U.S. Cracks Down on Crypto Exchanges Enabling Cybercrime and Money Laundering: Two Platforms Sanctioned, Russian Nationals Charged
n a significant blow to cybercriminal operations, the U.S. government has sanctioned two cryptocurrency exchanges—Cryptex and PM2BTC—for their alleged role in facilitating money laundering...
UK Legal and Accounting Sectors Fall Short of AML Standards: FCA Issues Stark Warning
In a recent assessment, the UK’s Financial Conduct Authority (FCA) issued a concerning report on the legal and accounting industries, highlighting a widespread failure...
Inconsistent AML Supervision: OPBAS Finds UK’s Professional Body Supervisors Lacking in Combating Money Laundering
The UK's Office for Professional Body Anti-Money Laundering Supervision (OPBAS), operating under the Financial Conduct Authority (FCA), has identified significant gaps in the effectiveness...
