AML / KYC

AML / KYC

Australia Launches New National Anti-Scam Centre 

By Sanday Chongo Kabange | 02/07/2023

A ‘fusion cell’ is being set up within the NASC, led by the ACCC and ASIC, to target the effective disruption of investment scams.

AML / KYC

Consultation Opens on Revisions to FATF Standards for NPOs

By Editors | 01/07/2023

The proposed amendments seek to address issues related to the over-application of preventive measures to the NPO sector, which hinders genuine non-profit activity.

AML / KYC

Singapore Gets Tough on Money Laundering through Property

By Karen Ng | 30/06/2023

Lawyers talk to Regulation Asia about the implications of Singapore’s new property AML rules.

AML / KYC

UK to Further Restrict Russian Access to Legal Services

By Editors | 30/06/2023

New law will prevent lawyers from advising Russian companies in international money lending and trade deals.

AML / KYC

HKMA Launches New Initiative to Prevent Credit Card Fraud

By Editors | 30/06/2023

All of Hong Kong’s card issuing banks, as well as 15 major merchants, commit not sending customers text messages with embedded hyperlinks.

AML / KYC

NZ Court Fines Tiger Brokers for AML Failures

By Sanday Chongo Kabange | 30/06/2023

Tiger Brokers ordered to pay NZD 900,000 penalty for multiple AML/CFT breaches between April 2019 and January 2020.

AML / KYC

Australia Commits to Taking Action to Address Debanking

By Sanday Chongo Kabange | 29/06/2023

Treasury will work with APRA and the four major banks to design and scope a voluntary data collection on de-banking.

AML / KYC

SEBI Approves Shorter IPO Timeline, New FPI Disclosures

By Editors | 29/06/2023

IPOs can list within three days instead of the current six days. FPIs will have to disclose additional information on ownership and control.

AML / KYC

Australia Set to Launch National Anti-Corruption Commission

By Sanday Chongo Kabange | 28/06/2023

The National Anti-Corruption Commission will commence operations on 1 July, with powers to investigate corrupt conduct.