Tag: AML
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Iranian property tycoon sanctioned in UK over IRGC links
UK sanctions target Iranian property magnate linked to IRGC The United Kingdom has imposed sanctions on Ali Ansari, an Iranian businessman accused of financing the Islamic Revolutionary Guard Corps (IRGC). The measures, part of the UK’s ongoing effort to curb illicit financial networks connected to the IRGC, place Ansari under asset freezes and travel bans.…
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How Home Buyers and Sellers Are Helping Fight Crime in Australia’s Property Market
Australia’s property market under scrutiny The Australian real estate sector, long a pillar of wealth creation for families and investors, is facing a crucial turn in the fight against crime. Authorities say that money laundering and other illicit activities can be disguised within property transactions, turning homes into quiet conduits for criminal funds. In response,…
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How Home Buyers and Sellers Are Being Enlisted to Fight Crime in Australia’s Property Market
Overview: A Market Under Scrutiny Australia’s booming property market, valued at about $12 trillion, has long attracted investment, foreign and domestic alike. But the same scale that drives growth also creates opportunities for money laundering and other criminal activity. In response, regulators are turning to the very participants of real estate transactions—home buyers and sellers—to…
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Exposing Hidden AML Policy Gaps in the Age of Stablecoins and Crypto Regulation
Overview: Why AML Policy Gaps Matter Now As digital assets migrate from niche markets to mainstream finance, the imbalance between rapid innovation and robust compliance grows more acute. Hidden AML (anti-money laundering) policy gaps can create blind spots that destabilize governance, expose firms to fines, and erode trust among customers and regulators alike. The GENIUS…
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Iran’s Central Bank Accused of Using Large-Scale Crypto Tied to Farage, Report Claims
Overview of the Allegation A recent report by Elliptic, a crypto analytics firm, alleges that Iran’s central banking system has been moving and storing substantial quantities of cryptocurrency issued by a coin identified as “Teth.” The report, which cites on-chain analysis and tracing techniques, claims that a minimum of $507 million worth of this token…
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Isle of Man Faces Renewed Scrutiny Ahead of Moneyval Inspection
Overview The Isle of Man is entering a critical period as it prepares for an upcoming Moneyval assessment focused on anti-money laundering (AML) controls. As a jurisdiction with a robust financial services sector and a strong track record of regulatory reform, the Island now faces renewed scrutiny from international evaluators who will assess how effectively…
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Isle of Man Under Scrutiny Ahead of Moneyval AML Review
Overview: Moneyval’s looming assessment of the Isle of Man The Isle of Man is preparing for a high-stakes evaluation by Moneyval, the Council of Europe’s anti-money laundering and counter-terrorist financing (AML/CTF) watchdog. Set against a backdrop of global efforts to tighten financial crime controls, the review will probe how effectively the Island’s institutions detect, deter,…
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Ghana Unveils Stricter Rules for International Money Transfer Operators
Overview: A New Framework for IMTOs in Ghana In a move aimed at strengthening financial integrity and supervision, the Bank of Ghana has published comprehensive guidelines governing the registration and ongoing operations of International Money Transfer Operators (IMTOs). The new framework seeks to streamline how money moves into Ghana, bolstering transparency, consumer protection, and regulatory…
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Ghana Sets New Rules for International Money Transfer Operators (IMTOs)
Overview of the new IMTO guidelines The Bank of Ghana has unveiled comprehensive regulatory guidelines aimed at International Money Transfer Operators (IMTOs) operating within and into the country. The new framework seeks to formalize registration, strengthen compliance, and improve supervision of international money transfers flowing into Ghana. By establishing clear standards, the central bank intends…
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Namibia Among Africa’s Top Five for Combating Money Laundering and Financial Crime Risk
Namibia Ranked Among Africa’s Top Five in Fighting Money Laundering Namibia has been highlighted as one of the leading countries in Africa for tackling money laundering and related financial crime risks. The latest assessments place Namibia firmly in the top five on the continent, reflecting meaningful improvements in how the country detects, prevents, and responds…