ASB could be hit with a $6.73 million penalty after admitting it breached money laundering and terrorism laws.

The Central Bank of Nigeria (CBN) is working on introducing the automation of Anti Money Laundering and Combating Financing Terrorism (AML/CFT) in the Nigerian financial system as it yesterday ...

The Central Bank of Sri Lanka (CBSL) yesterday said it has slapped a Rs. 9.5 million combined fine on two non-bank financial institutions (NBFIs), two banks, one casino, and a jewellery company for ...

The Philippines should strengthen its anti-money laundering and counter-terrorism financing efforts, including amending the Bank Deposit Secrecy Laws, as the country prepares for its next Financial ...

The Directions mandate robust KYC and AML/CFT controls for AIFIs with immediate effect. The key takeaway is stricter customer identification and monitoring aligned with FATF ...

Last December, the Senate approved the National Defense Authorization Act and, as part of that legislation, passed the Anti-Money Laundering Act of 2020 and the Corporate Transparency Act. Related: EU ...

In this meeting, representatives from IRIFIU, Shahid Beheshti School of Governance, the Economic Affairs Research Institute, and 5 invited guests and experts in the field of AML/CFT discussed and ...

Md Mofizur Rahman Khan Chowdhury, executive director of Bangladesh Bank and acting head of the Bangladesh Financial ...

Sebi has launched a certification course focused on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) to enhance understanding among securities market intermediaries. The ...