by Jyotsna Bucktowar | Sep 16, 2024
Basel emphasized the importance of cross-border collaboration in tracing, freezing, and recovering assets, which enhances global efforts to combat corruption. The role of financial institutions in identifying and reporting suspicious activities was highlighted as...
by Jyotsna Bucktowar | Sep 11, 2024
OFSI also updated its guidance on the annual frozen asset review and reporting form to reiterate that frozen assets should be reported to OFSI every year to reflect any changes that may have occurred during the reporting period…
by Jyotsna Bucktowar | Sep 5, 2024
The ‘freezing of funds’ means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or any other change that would...
by Jyotsna Bucktowar | Jul 30, 2024
The report discusses the political and governance factors that affect the performance of the justice system in relation to anti-corruption and asset recovery. It also provides guidance on assessing these factors systematically – including through a novel Assessment...
by AdrianaAMLP | Jun 26, 2024
Between January 2019 and June 2024, Singapore seized S$6 bn linked to criminal and ML activities. S$416 mn has been returned to the victims, and S$1 bn has been forfeited to the State. The large bulk of the remainder is linked to ongoing investigations or court...
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