AML / KYC

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    AML / KYC

    Philippines Steps Up Efforts to Exit FATF ‘Grey’ List

    By Ranamita Chakraborty | 20/06/2023

    The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.

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    AML / KYC

    SEBI Amends AML Guidelines for Securities Market Intermediaries

    By Editors | 20/06/2023

    The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.

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    AML / KYC

    US Court Orders Binance to Isolate US Business from Global Operations

    By Manesh Samtani | 19/06/2023

    The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

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    Crypto / Digital Assets

    HKMA Meets with Crypto Firms on Banking Access Challenges

    By Karen Ng | 19/06/2023

    Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

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    AML / KYC

    TSB Calls on Meta to Take Responsibility for Social Media Frauds

    By Editors | 16/06/2023

    TSB says Meta should take five steps to protect consumers, including issuing a commitment to investigating and removing fraudulent content within 24 hours.

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    AML / KYC

    Australia Assessing Adequacy of Crisis Management Settings

    By Ranamita Chakraborty | 16/06/2023

    Regulators are assessing Australia’s crisis management settings to ensure they remain robust in light of international developments.

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    AML / KYC

    US Judge Splits Bankman-Fried Charges into Two Separate Trials

    By Manesh Samtani | 16/06/2023

    Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.

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    AML / KYC

    India to Bring Lawyers Under AML Regime – Report

    By Editors | 16/06/2023

    Lawyers have reportedly expressed concerns that the plan would have an adverse impact on client attorney privilege.

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    Enforcement

    HK Customs Arrests 23 Men for Money Laundering via Air Travel

    By Mark Johnston | 16/06/2023

    HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.

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    AML / KYC

    UK Unveils Measures to Increase Corporate Accountability for Crime

    By Editors | 16/06/2023

    Under the reform plan, businesses involved in fraud, money laundering, and bribery will be subject to stricter scrutiny.

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