AML / KYC

    AML / KYC

    India Introduces Bill to Outlaw Proliferation Financing

    By Sanday Chongo Kabange | 07/04/2022

    The Bill will also give the government powers to freeze, seize or attach funds or other financial assets or economic resources to prevent WMD financing.

    AML / KYC

    US, UK Announce New Russia Sanctions, EU to Ban Coal Imports

    By Manesh Samtani | 06/04/2022

    New sanctions imposed against Sberbank, Alfa Bank, Credit Bank of Moscow, Putin’s adult daughters, and more Russian officials and oligarchs.

    AML / KYC

    From Russia in Haste

    By ESG Investor | 06/04/2022

    The response of corporates and investors to the invasion of Ukraine suggests both need to overhaul their due diligence processes.

    AML / KYC

    Singapore Tightens Laws on Technology Risk, Crypto Assets

    By Sanday Chongo Kabange | 06/04/2022

    FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.

    AML / KYC

    Singapore Banks to Station More Staff at Anti-Scam Centre

    By Editors | 05/04/2022

    While banks have been supporting the police’s Anti-Scam Centre for the past three years, only DBS currently has staff physically located inside the centre.

    AML / KYC

    Japan, US Impose More Sanctions Over DPRK Missile Tests

    By Mark Johnston | 05/04/2022

    Japan sanctioned 4 Russia-based entities and 9 other individuals. The US sanctioned 5 more North Korean entities.

    AML / KYC

    Australia to Scrap Company Searches Fees from Sept 2023

    By Editors | 04/04/2022

    The scrapping of company search fees means ASIC will forgo A$64.9mn in revenue over three years from 2023-24.

    Fintech / Regtech

    EU Lawmakers Vote to Adopt KYC Rules for Unhosted Crypto Wallets

    By Darien Choong | 04/04/2022

    The European Parliament voted to adopt requirements for crypto firms to gather and verify personally identifiable information of users of unhosted crypto wallets.

    AML / KYC

    The Future of AML Auditing is Increasingly Digital

    By Claus Christensen | 03/04/2022

    A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.

    AML / KYC

    US Designates Russian Tech Firms for Enabling Sanctions Evasion

    By Manesh Samtani | 03/04/2022

    US sanctions 21 entities and 13 individuals. EU to propose new measures this week. Australia applies 35% export tariff.

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