Red flags are warning signs of a potential money laundering/terrorist financing activity. Read more about red flags classified by industry here.
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Hong Kong Releases 2018 ML/TF Risk Assessment Report On April 30, the Hong Kong Financial Services and the Treasury Bureau has released the Money Laundering / Terrorist Financing (ML/TF) Risk Assessment Report. The report examines ML/TF threats and vulnerabilities facing Hong Kong and the steps taken to the remediate gaps accordingly. According ...
Credit Suisse Raided for Tax Evasion Probe in 5 Countries Switzerland's second-largest bank, Credit Suisse, has been raided on Thursday after a tip-off to Dutch prosecutors. The coordinated raids happened in, Netherlands, Britain, Germany, France and Australia. Dutch Anti-Fraud Agency, the FIOD, are "investigating dozens of people who are suspected of tax...
Singapore companies sanctioned by OFAC for aiding North Korea The Office of Foreign Assets Control (OFAC) has designated 16 entities and individuals for activities related to supporting the Democratic People's Republic Korea's (North Korea) nuclear and ballistic missile programs, energy trade, labour exports, and sanctions evasion. Amongst them are two Sing...
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