AML / KYC

AML / KYC

BSP Issues New Manual of Regulations for Payment Systems

By Sanday Chongo Kabange | 26/03/2024

​The manual sets out rules and regulations governing the operations of the national payment system, as well as payment providers.

AML / KYC

HK-based Certizen Technology Becomes LEI Validation Agent

By Editors | 26/03/2024

Certizen Technology’s new status will help to ease and streamline LEI issuance, allow LEI data elements to be embedded in digital certificates, and help promote cross-border trade.

AML / KYC

Achieving Effectiveness in AML is a Shared Mission: HKMA’s Carmen Chu

By Bradley Maclean | 25/03/2024

Ms Carmen Chu discusses Hong Kong’s threat landscape, HKMA’s efforts to improve industry effectiveness, and key messages for FIs on collaboration and the use of technology.

AML / KYC

Crypto Firm OKX to Cease Services in India, Citing Regulations

By Ajoy K Das | 25/03/2024

OKX said it will cease operations in the country due to “local regulations directed at offshore exchanges that make CeFi trading available in India”.

AML / KYC

Malaysia Sees 5x Increase in Online Financial Scam Reports

By Ranamita Chakraborty | 22/03/2024

BNM is working with the financial sector and law enforcement on improving fund tracing, disrupting fraudulent fund flows, and raising awareness.

Enforcement

London Court Convicts Chinese Woman in Bitcoin Laundering Case

By Mark Johnston | 22/03/2024

A London court has found a 42-year-old woman guilty of laundering bitcoin linked to an alleged $6.3bn investment fraud.

Securities / Derivatives

SEBI Relaxes Additional Disclosure Requirements for FPIs

By Ajoy K Das | 22/03/2024

FPIs with over 50% of their Indian equity AUM in a corporate group will be exempted from the additional disclosures, subject to conditions.

AML / KYC

Australia: Queensland Passes New Law to Curb Money Laundering at Casinos

By Sanday Chongo Kabange | 22/03/2024

Casinos will be restricted from accepting more than a prescribed amount of cash from a person for gambling related transactions in a 24-hour period.

AML / KYC

Top HK Official Addresses Frozen Remittances in Mainland China

By Editors | 21/03/2024

94 of 161 cases of frozen remittances from 2023 have been resolved as a result of the Customs and Excise Department’s intervention and bilateral negotiation.