AML / KYC

    image

    AML / KYC

    SEBI Modifies Rules for Foreign Investments in AIFs

    By Ajoy K Das | 15/01/2024

    SEBI updates threshold for determining beneficial ownership, extends mandatory custodian and dematerialisation requirements to reduce money laundering risks.

    image

    AML / KYC

    Local Banks to Improve Money-locking Features: ABS

    By Nithya Subramanian | 15/01/2024

    Banks need to be prepared as scammers will continuously modify their techniques, said ABS Director Ong-Ang Ai Boon.

    image

    AML / KYC

    NYDFS Announces $8m Settlement With Genesis Global Trading

    By Editors | 15/01/2024

    Genesis Global Trading is also required to give up its BitLicense and cease all operations in New York as part of the settlement.

    image

    AML / KYC

    Crypto Firms Lead Surge in AML Fines: Report

    By Mark Johnston | 15/01/2024

    Fenergo’s annual report reveals a 57 per cent surge in penalties for non-compliance with financial regulations in 2023.

    image

    AML / KYC

    SC Malaysia Charges Three for Money Laundering Offences

    By Sanday Chongo Kabange | 15/01/2024

    The three individuals face a combined 28 money laundering charges over illegal proceeds totalling MYR 283.5 million.

    image

    AML / KYC

    Singapore Police Using RPA Tech to Disrupt Scams

    By Editors | 12/01/2024

    RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

    image

    AML / KYC

    Wolfsberg Group Updates Guidance on Swift RMA Due Diligence

    By Mark Johnston | 12/01/2024

    The Wolfsberg Group has revised its guidance on Swift RMA due diligence, taking into account ISO 20022 migration.

    image

    AML / KYC

    Transparency and Independent Oversight Main Issues of FATF: Experts

    By Nithya Subramanian | 11/01/2024

    A roundtable organised by RUSI concluded that marginal reforms aimed at improving transparency could be more successful and impactful.

    image

    AML / KYC

    RUSI, FFIS Urge Greater Cross-Sector Collaboration on FinCrime

    By Ranamita Chakraborty | 11/01/2024

    The new report highlighted the underutilisation of payments infrastructure in economic crime analysis, citing challenges in policymaking.

    image

    AML / KYC

    SFC Sanctions Responsible Officer Over Licensee AML Compliance Failures

    By Sanday Chongo Kabange | 10/01/2024

    The SFC suspended Andy Wong Yeung for 10 months over his role in City International Futures’ AML compliance failures.

    JOIN OUR NEWSLETTER

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