AML / KYC

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    AML / KYC

    Taiwan to Release New Rules for Crypto in September

    By Editors | 03/05/2023

    The FSC is creating a new bureau that will be dedicated to the crypto sector, adding to its four existing bureaus.

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    AML / KYC

    Combatting TBML Through Beneficial Ownership and Enhanced Transparency

    By Jeremy Moller | 02/05/2023

    Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.

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    AML / KYC

    US Court Convicts Hip Hop Artist Over Jho Low Connection

    By Editors | 01/05/2023

    Prosecutors said Pras Michél worked with Jho Low to influence the US government during the Obama and Trump presidencies.

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    AML / KYC

    Singapore: 1st Phase of Financial Services and Markets Act Commences

    By Editors | 01/05/2023

    The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.

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    AML / KYC

    CFTC Issues Largest Ever Civil Monetary Penalty

    By Editors | 30/04/2023

    The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.

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    AML / KYC

    China Establishes Nationwide Property Registration System

    By Editors | 30/04/2023

    The new registration system will provide regulators full transparent view of real estate ownership and support their efforts to prevent systemic risks.

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    AML / KYC

    SFC Chief Julia Leung Offers View Into 2023 Priorities

    By Manesh Samtani | 29/04/2023

    Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.

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    AML / KYC

    HKMA Offers Guidance on VASP Account Opening

    By Manesh Samtani | 28/04/2023

    Deputy chief Arthur Yuen said the HKMA expects regulated VASPs to be able to open a bank account in Hong Kong through a reasonable process.

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    AML / KYC

    FATF Publishes Mutual Evaluation Report on Indonesia

    By Editors | 28/04/2023

    Indonesia has a strong AML/CFT framework but needs to address risks in some sectors and improve investigation and prosecution. Foresty crime and terrorism financing are some of the country’s key risks.

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    AML / KYC

    UK Convicts Cash Couriers for Laundering Over $130m

    By Editors | 27/04/2023

    The couriers smuggled money from the UK to Dubai using vacuum-packed suitcases sprayed with coffee or air fresheners to evade detection.

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