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AML / KYC
The Sentry Calls for Action to Stop Kleptocracy Enablers
By Editors | 04/10/2022
New report offers recommendations to target bankers, lawyers, and accountants who provide advice and support to violent kleptocracies and corrupt networks.
Enforcement
Hong Kong Charges 13 in Suspects Over Ramp-and-Dump Scheme
By Editors | 03/10/2022
The suspects allegedly used different social media platforms to manipulate the trading in the shares of two Hong Kong-listed companies.
AML / KYC
FINRA Issues New Penalties Guidance for Rule Violations
By Editors | 03/10/2022
Large firms face penalties with no upper limit if they fail to reasonably monitor for and report suspicious transactions.
AML / KYC
US, UK, Canada, Australia Announce More Russia Sanctions
By Manesh Samtani | 03/10/2022
The sanctions are a response to Putin’s attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.
AML / KYC
HKMA Publishes Initial Observations from AMLab Series
By Manesh Samtani | 02/10/2022
The HKMA plans to run a network analytics-themed AMLab again later this year to give more banks an opportunity to take part.
AML / KYC
US Sanctions Asia Firms for Facilitating Iranian Oil Sales
By Editors | 01/10/2022
The US designated companies based in China, the UAE, Hong Kong and India. Separately, Canada plans to sanction Iran’s “morality police”.
AML / KYC
UK FCA Grants Revolut Approval to Offer Crypto Services
By Editors | 01/10/2022
Revolut was allowed to remain on a temporary register after a March deadline for approvals until its application was fully processed.
AML / KYC
FinCEN Issues Final Rule for Beneficial Ownership Reporting
By Editors | 30/09/2022
The rule is effective from 1 January 2024. Existing companies will have one year to report information about their beneficial owners to FinCEN.
AML / KYC
China to Strengthen ‘Controllable Anonymity’ Feature of e-CNY
By Darien Choong | 30/09/2022
Twenty defendants have been arrested on suspicion of illegal business activity and money laundering using the e-CNY.
AML / KYC
Turkish Banks to Stop Using Russia’s Mir Payment System
By Editors | 30/09/2022
Three Turkish state banks will stop using the Mir system in response to guidance issued by OFAC earlier this month. Two others stopped last week.
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