Page 31 - Terrorism Financing News Today

Failures between 2016 and 2019

The Gambling Regulatory Authority (GRA) has fined Resorts World Sentosa (RWS) a total of $2.25 million (RM7.83 million) for failing to perform due diligence checks on deposits into patrons’ accounts.

The S$2.25 million fine is the biggest penalty the Gambling Regulatory Authority has imposed on a casino operator.

After investigations, GRA found that the lapses occurred between December 2016 and December 2019. Read more at straitstimes.com.

South Africa has made progress in addressing the 20 technical compliance

Deputy Treasury Secretary Wally Adeyemo calls on crypto industry to self-regulate to avoid furthering ‘heinous acts’ such as Hamas’s attack on Israel

SINGAPORE - An ongoing money laundering probe has not impacted the sales of luxury goods here, but retailers say some buyers are now conscious of attracting unwanted attention. Mr Nicholas Lim, director of Chuan Watch, said that while there has been a dip in the demand for luxury watches, this was on the back of poorer economic sentiment in 2022....

Singapore News - An ongoing money laundering probe has not impacted the sales of luxury goods here, but retailers say some buyers are now... Read more at www.tnp.sg

FATF will conduct meetings with representatives from the finance, revenue, and enforcement departments as well as the Reserve Bank of India

Exclusive for Subscribers from Monday to Friday: Why Snooping and Surveillance and CERT-In are relevant to the UPSC Exam? What significance do topics like UNESCO Creative Cities Network, FATF report on ‘Crowdfunding for Terrorism Financing’ and India-US 2+2 ministerial have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for November 3, 2023.