ADVERTISEMENT
AML / KYC
Singapore Jails Man for Money Laundering, Email Fraud
By Editors | 07/04/2022
The man received funds in his and his company’s bank accounts that were derived from chearing offences perpetrated overseas and locally.
AML / KYC
Myanmar Orders Conversion of All Foreign Currency to Kyat
By Editors | 07/04/2022
The order suggests the military government may be struggling to repay debt and purchase key supplies. Fresh sanctions were also recently announced.
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.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team