AML / KYC

AUSTRAC Establishes Operational Response To Israel-Gaza Conflict

By Sanday Chongo Kabange | 02/11/2023

AUSTRAC advises reporting entities to report any suspicious transactions they identify as part of the “important role” they play in stopping financial crime.

Enforcement

China Jails 21 for Laundering USDT from Online Fraud, Gambling

By Mark Johnston | 02/11/2023

A group of 21 people in China laundered criminal proceeds from online fraud and gambling activities using USDT.

Big Picture

Why Vigilance is Crucial in Compliance

By Ranamita Chakraborty | 02/11/2023

WRISE group head of risk and compliance and former police officer Gaven Koh discusses the need for heightened vigilance amid Singapore’s biggest money laundering scandal

AML / KYC

India Tightens Beneficial Interest Disclosure Rules for LLPs

By Ajoy K Das | 01/11/2023

The disclosures will ensure transparency of the identity of the ultimate person behind the LLPs including related party transactions.

AML / KYC

FATF Consults on Amendments to Recommendation 25 Guidance

By Editors | 01/11/2023

The guidance will support implementation of the revised Recommendation 25, to help address risks from trusts or similar legal arrangements.

AML / KYC

FATF Issues Report on Crowdfunding for Terrorism Financing

By Editors | 01/11/2023

The report describes how terrorist groups exploit crowdfunding platforms and provides risk indicators and recommendations to help combat this activity.

AML / KYC

Japan Joins US in Sanctioning Hamas Fundraisers

By Editors | 31/10/2023

Japan announces sanctions on nine individuals and one company following US Treasury action earlier this month.

AML / KYC

Elliptic Corrects Media and US Senator over Reporting on Hamas Crypto Funding

By Editors | 31/10/2023

Blockchain analytics firm says the WSJ and Senator Elizabeth Warren misrepresented its research in overstating the funding Hamas received through cryptocurrency.

AML / KYC

OCBC Stops Using SMS as Default Notification Method

By Editors | 30/10/2023

Customers will receive alerts about payments and fund transfers through push notifications and e-mails, unless they specifically opt for SMS.

AML / KYC

ESMA Forced to Pause Withdrawal of UAE CCP Recognition

By Editors | 30/10/2023

ESMA’s decision to withdraw its recognition of the Dubai Commodities Clearing Corporation is effectively suspended.

JOIN OUR NEWSLETTER

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