AML / KYC

    image

    AML / KYC

    EBA’s New AML Database Set to Start Receiving Personal Data

    By Editors | 05/05/2024

    EuReCA was launched by the EBA in January 2022, but has so far not yet been able to collect personal data from EU supervisors.

    image

    AML / KYC

    Tether to Start Monitoring Secondary Market for USDT

    By Editors | 04/05/2024

    Through a partnership with Chainalysis, Tether will provide sanctions monitoring, an illicit transfers detection tool, and analysis on major USDT holders.

    image

    AML / KYC

    New Zealand Regulators Issue Updated CDD Guidelines

    By Editors | 03/05/2024

    Updated guidelines on beneficial ownership, company CDD, and enhanced CDD. New guideline on CDD for limited partnerships.

    image

    AML / KYC

    Australia: Scam Losses Fall for the First Time in Six Years

    By Manesh Samtani | 03/05/2024

    In its latest report on annual scam activity, the ACCC highlighted government and industry initiatives that led to lower scam losses in 2023.

    image

    AML / KYC

    Australia Consults on Anti-Foreign Bribery Guidance

    By Editors | 03/05/2024

    The consultation follows the passage of legislation in February to introduce the new “failure to prevent” foreign bribery offence.

    image

    AML / KYC

    Singapore: Two More Sentenced in Money Laundering Case

    By Nithya Subramanian | 03/05/2024

    Cambodian Su Baolin and Chinese national Zhang Ruijin were sentenced to jail and required to forfeit a combined S$183mn in assets.

    image

    Enforcement

    Canada’s FINTRAC Imposes AML Penalty on TD Bank

    By Mark Johnston | 03/05/2024

    The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.

    image

    AML / KYC

    China Issues New Rules on Beneficial Ownership Registration

    By Manesh Samtani | 03/05/2024

    The new regulations will come into effect on 1 November 2024. Existing in-scope entities will have until 1 November 2025 to register beneficial owner information.

    image

    Sanctions

    US Senators Raise Concerns Over Iran’s Crypto Mining

    By Editors | 03/05/2024

    A letter from two US senators asks government officials about the steps being taken to address Iranian crypto mining and sanctions evasion.

    image

    AML / KYC

    NZ Banks Set to Start ‘Confirmation of Payee’ Implementation

    By Sanday Chongo Kabange | 03/05/2024

    NZBA has identified a preferred provider for the service and will soon start the technical build for the payments system.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team