AML / KYC

    image

    Enforcement

    India Tightens Scrutiny of Foreign Beneficial Ownership

    By Ajoy K Das | 28/05/2024

    India’s Registrar of Companies has already imposed penalties on executives of Microsoft and others for violating beneficial ownership disclosure norms.

    image

    AML / KYC

    Bursa Malaysia Launches API Gateway to Streamline Onboarding

    By Nithya Subramanian | 28/05/2024

    The new API Gateway will streamline onboarding and speed up CDS account opening, updating and reactivation.

    image

    AML / KYC

    J5 Disseminates Risk Indicators Tied to Crypto Assets

    By Editors | 24/05/2024

    The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.

    image

    AML / KYC

    Malaysia’s 1MDB Files Suit Against Top PetroSaudi Official

    By Nithya Subramanian | 24/05/2024

    The lawsuit seeks the return of $1.83bn, claiming 1MDB was misled into thinking King Abdullah owned a joint venture it invested in.

    image

    AML / KYC

    Singapore Secures Seventh Conviction in Money Laundering Case

    By Nithya Subramanian | 24/05/2024

    Cambodian national Chen Qingyuan, who is wanted in China, has been sentenced to a 15-month jail term and will forfeit S$21mn.

    image

    AML / KYC

    Australia: Scam Losses Have Declined Further

    By Sanday Chongo Kabange | 24/05/2024

    Losses reported to Scamwatch, AFCX and ReportCyber declined in the January to March quarter, compared to the previous quarter.

    image

    Enforcement

    Worldcoin Ordered to Cease Iris-Scanning in Hong Kong

    By Sanday Chongo Kabange | 24/05/2024

    The PCPD has determined that the Worldcoin project has breached Hong Kong’s personal data privacy law.

    image

    AML / KYC

    A Radical Re-think on Combatting Trade Based Money Laundering

    By Kelvin Toh | 24/05/2024

    Kelvin Toh discusses the factors hindering current efforts to combat TBML, and what more can be done to combat this activity.

    image

    Fintech / Regtech

    “Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

    By Nithya Subramanian | 23/05/2024

    Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

    image

    AML / KYC

    Australia Anti-Scam Centre Publishes Fusion Cell Report

    By Sanday Chongo Kabange | 23/05/2024

    The investment scam fusion cell succeeded in removing scam ads from digital platforms, taking down investment scam websites, and diverting scam calls to recorded warnings.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.