AML / KYC

    AML / KYC

    US Bill Set to Bring Gatekeepers into Scope of AML Rules

    By Editors | 05/07/2022

    The Enablers Act would require financial advisers, lawyers, art and antiquities traders to perform due diligence on their clients and file SARs.

    AML / KYC

    Bangladesh Grants Amnesty for Repatriation of Offshore Assets

    By Editors | 04/07/2022

    The government will provide amnesty for those that choose to repatriate their offshore assets to Bangladesh and pay a 7% tax.

    AML / KYC

    FATF Outlines Priorities, Objectives for Singapore Presidency

    By Editors | 04/07/2022

    The Singapore Presidency will focus on areas such as asset recovery, cybercrime, virtual assets, beneficial ownership, data analytics and corruption.

    AML / KYC

    Taiwan Banks Warned of Credit Card Fraud Via Digital Wallets

    By Editors | 04/07/2022

    The FSC asked the Bankers Association to amend its guidances to ensure consumers get notifications when their credit card is added to a digital wallet.

    AML / KYC

    Limited Progress Made on Travel Rule Implementation: FATF

    By Editors | 01/07/2022

    Jurisdictions have made “only limited progress” over the last year to implement the travel rule in the crypto industry, the FATF says.

    AML / KYC

    FATF Seeks Views on Improvements to Recommendation 25

    By Editors | 30/06/2022

    The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.

    Crypto / Digital Assets

    EU Lawmakers Agree on AML Framework for Crypto

    By Manesh Samtani | 30/06/2022

    Crypto asset service providers will be required to implement customer protection measures and robust AML/CFT safeguards including the travel rule.

    AML / KYC

    Canadian Banks Collaborate on KYC Utility Project

    By Editors | 30/06/2022

    The five banks will collaborate with CanDeal Group to create a common data and regulatory experience for the industry.

    Enforcement

    Korea to Launch Investigation Team to Combat Voice Phishing

    By Editors | 30/06/2022

    The plan was announced in response to the death of a small business owner who committed suicide after he was scammed out of more than KRW 160 million.

    AML / KYC

    G7 Nations Announce Ban on Russian Gold Imports

    By Manesh Samtani | 30/06/2022

    The ban has so far been announced by US, UK, Japan, and Canada, while discussions within the EU are still ongoing.

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