The United Arab Emirates has reaffirmed its commitment to combating money laundering and terrorist funding

According to the official WAM news agency, the UAE reiterated its strong commitment to combat money laundering and terror funding in "close collaboration with local and international partners" on Saturday.

"Our efforts to defend our security and economic development will ...

AUSTRALIA TO EXPAND ITS MONEY LAUNDERING PROBE INTO CASINOS

Highlights:

• Australia is going to expand its money laundering probe into the casinos
• The owners of the main casinos in the five biggest cities of Australia are now under a formal investigation

The government of Australia is going to ...

SOUTH KOREA AMENDS FTRA; MAKES REGISTRATIONS WITH FIU MANDATORY

Highlights:

•        The South Korean government wants to regulate the crypto domain

•        The government is concerned about crypto being used for money laundering

South Koreans have b...

BSI BANKER WHO LAUNDERED MONEY, EARNED US$5 MILLION SECRETLY BANNED PROFESSIONALLY BY MAS

HIGHLIGHTS

• The Monetary Authority of Singapore (MAS) has given lifetime forbiddances orders against a previous financier for his part in the 1MDB scandal that saw him get US$5 million (S$6.8 million) as mystery benefits, said the officials

Mr. ...

GERMANY: RECORD INCREASE IN MONEY LAUNDERING CASES

Highlights:

• The federal anti-money laundering unit of Germany has registered a record increase in the money laundering cases
• The cases of money laundering have increased almost 50% as compared to the previous year

On Tuesday, the fed...