TOP STORY

Jan

19

EXCLUSIVE: Ex-FATF Leader Breaks Silence on Resignation, Claims Group Does Not Spur ‘Meaningful’ AML Reform

In an exclusive interview with moneylaundering.com, FATF’s former executive secretary David Lewis, right, discussed his reasons for leaving the organization. (AP Images)

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Legs & Regs

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Enforcement Actions

The Securities and Future Commission of Hong Kong imposed a HK$ 5 million monetary penalty on the futures company for know your customer violations that occurred from May 2017 until July 2018.
The Monetary Authority of Singapore fined the trust company S$1.1 million after a 2019 inspection uncovered serious breaches of anti-money laundering and counterterrorist financing requirements.