KYC360

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 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.

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/

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.

"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

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

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

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.

Gold smuggling: Third case filed against ED

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

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.

FATF’s New Guidance Takes Aim at DeFi

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

FATF’s New Guidance Takes Aim at DeFi The Financial Action Task Force has published new draft guidance that, if implemented, could require even decentralized finance (DeFi) platforms to find a way to implement KYC rules.

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 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.

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/

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.

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/

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.

Galápagos tortoises: 185 babies seized from smugglers

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

Galápagos 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.

EY drops appeal against $10.8m whistleblower payment

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

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.

Money trail from Daphne murder probe stretches to China

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

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.