AML / KYC

AML / KYC

HKMA, Cyberport Host Third AML Regtech Lab

By Sanday Chongo Kabange | 25/11/2022

The HKMA says retail banks increased their identification and reporting of suspicious accounts and networks by 127 percent compared to a year ago.

AML / KYC

AUSTRAC Directs ING Australian Units to Uplift AML/CTF

By Editors | 24/11/2022

Two ING entities are required to improve their AML/CTF programmes, ML/TF risk assessment, IFTI and SMR reporting, and transaction monitoring.

Press Release

Regulation Asia Awards for Excellence 2022 – Results Announcement

By Editors | 23/11/2022

Regulation Asia held its fifth annual Awards ceremony on 22 November 2022. Here we explain our methodology and announce the winners for the year.

AML / KYC

UK Parliamentary Report Calls for Overhaul of Approach to Fraud

By Manesh Samtani | 21/11/2022

The report says “failure to prevent fraud” should be introduced as a new corporate criminal offence, along with significant financial penalties.

AML / KYC

Western Allies Sanction Iran Over Protest Handling, Drone Sales

By Editors | 18/11/2022

The EU, UK, US and Canada imposed sanctions over the use of use of force against peaceful protestors and the sale of drones to Russia.

AML / KYC

USCC Calls for Formation of China Sanctions Planning Committee

By Editors | 17/11/2022

Congressional advisory body USCC says a new committee should be formed to develop options to respond to possible hostile action by China against Taiwan.

AML / KYC

Medibank Customers Face Continued Threat of Data Leaks

By Manesh Samtani | 17/11/2022

Medibank refused to pay a $10m ransom to hackers, who have since released information linking individuals to drug addiction, alcohol abuse, abortions and mental health treatment.

AML / KYC

Sanctions Based on UN Consensus Mechanisms are Declining

By Manesh Samtani | 17/11/2022

New Refinitiv paper says one of the most significant trends observed in its analysis of sanctions data is a steep decline in the importance of the UN’s sanctions.

AML / KYC

GLEIF, SWIFT Collaborate to Enable Mapping Between MICs and LEIs

By Editors | 15/11/2022

GLEIF will publish new open-source relationship files monthly which will map Market Identifier Codes pertaining to legal entities to the corresponding LEIs.