AML / KYC

AML / KYC

Pacific Islands to Bolster Sharing of Financial Intelligence

By Editors | 17/11/2023

Pacific Island FIUs met in the Cook Islands this week. It was revealed that AUSTRAC provided the Cook Islands FIU a new data analytics system.

AML / KYC

MAS Issues Draft Requirements for Data Sharing Through COSMIC

By Manesh Samtani | 17/11/2023

The requirements cover the internal policies FIs must put in place to share information through COSMIC, and the appropriate use and safeguarding of information received.

AML / KYC

China Issues Draft Rules Promising Strict Penalties for Fraudsters

By Editors | 16/11/2023

Individuals who commit fraud can have their bank accounts and communication services suspended, and their offences included in the national financial credit information base.

AML / KYC

Singapore Police Make Five Arrests in Anti-scam Operation

By Editors | 16/11/2023

The police acted on information from DBS, seizing S$680,000 and arresting five individuals including a 16-year-old.

AML / KYC

BCBS Publishes Discussion Paper on Digital Fraud and Banking

By Editors | 16/11/2023

The BCBS is seeking comments and feedback from stakeholders beyond the banking sector to better understand the status of digital fraud as well as its mitigants.

AML / KYC

Taiwan Crypto Exchange Caught in Money Laundering Probe

By Editors | 16/11/2023

Crypto exchange Bitgin is under investigation and its chief operating officer has been arrested for his alleged ties to a money laundering network.

AML / KYC

SFC Issues Updated AML/CFT Self-Assessment Checklist

By Editors | 15/11/2023

The updated checklist incorporates the May revisions to the SFC’s existing AML/CFT guideline, including to apply additional questions on virtual asset activities.

Press Release

Regulation Asia Awards for Excellence 2023 – Results Announcement

By Editors | 15/11/2023

Regulation Asia held its sixth annual Awards ceremony on 14 November 2023. Here we explain our methodology and announce the winners for the year.

AML / KYC

OFAC Issues Guidance on Humanitarian Aid to Palestinians

By Editors | 15/11/2023

OFAC says guidance is intended to help NGOs navigate US sanctions while providing aid to Palestinian people.