AML / KYC

    image

    Sanctions

    Chinese Firms Turning to Illegal Channels for Russia Business

    By Editors | 30/04/2024

    With China’s big banks no longer processing Russia-related payments, exporters are increasingly turning to underground channels including cryptocurrency.

    image

    Enforcement

    Sri Lanka Adopts Law to Enable Confiscation of Crime Proceeds

    By Mark Johnston | 30/04/2024

    Sri Lanka’s Cabinet approved a law that enables the tracing and confiscation of criminal proceeds, including to retrieve assets hidden overseas.

    image

    AML / KYC

    HKMA Seeking to Identify Next Areas of Focus in AML Regtech

    By Manesh Samtani | 29/04/2024

    HKMA is inviting professional firms to recommend AML Regtech use cases where adoption rates can be targeted for increase over the next two years.

    image

    Enforcement

    Law Enforcement Agencies to Boost Data Sharing: INTERPOL

    By Mark Johnston | 29/04/2024

    Delegates at INTERPOL’s Heads of NCBs conference identified initiatives to encourage greater operational sharing of criminal data.

    image

    AML / KYC

    Message Encryption In Focus for Indian, European Authorities

    By Editors | 29/04/2024

    WhatsApp will leave India if it is required to break encryption. Europol expresses concern with message encryption on Messenger.

    image

    AML / KYC

    China Seeks Feedback on Draft Revisions to AML Law

    By Editors | 29/04/2024

    The scope of the law is expanded to cover non-financial businesses and professions and formally adopt the concept of “beneficial ownership”, among other changes.

    image

    AML / KYC

    RBI Plans to Allow Banks Autonomy to Freeze Suspicious Accounts

    By Ajoy K Das | 29/04/2024

    The RBI plans to allow banks to suspend suspicious accounts without having to wait for a police complaint to be registered.

    image

    AML / KYC

    GCFFC Estimates Human Trafficking Proceeds at $498b for 2024

    By Manesh Samtani | 28/04/2024

    APAC has the most human trafficking victims compared to other regions, including in terms of forced criminality, forced marriages, and sexual exploitation.

    image

    AML / KYC

    UK FCA Proposes Updates to Financial Crime Guide

    By Editors | 28/04/2024

    The updates cover regulatory expectations on sanctions, proliferation financing, transaction monitoring, and cryptoassets, among other areas.

    image

    AML / KYC

    US DOJ Charges Founders of Crypto Mixer “Samourai Wallet”

    By Editors | 27/04/2024

    Over around ten years, Samourai Wallet was used to launder over $100mn in crime proceeds, earning the founders at least $4mn in fees.

    JOIN OUR NEWSLETTER

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