AML / KYC

AML / KYC

US Lawmakers Ask HSBC to Justify HK Account Freezes

By Ranamita Chakraborty | 08/03/2022

A letter from a bipartisan group of US lawmakers asks HSBC to justify its actions to freeze the accounts of activists, independent media, and civic groups in Hong Kong.

AML / KYC

BOT Extends Deadline for PayPal’s AML Compliance to Year-End

By Sanday Chongo Kabange | 08/03/2022

PayPal was scheduled to suspend most services for Thai consumers from 7 March as part of a relaunch of its services to comply with local regulations.

AML / KYC

S. Korea Imposes Additional Sanctions Against Russia

By Editors | 08/03/2022

The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.

AML / KYC

IMDA Starts Onboarding Banks to New SMS SenderID Registry

By Editors | 08/03/2022

IMDA has begun onboarding banks and other organisations on the new system, which will prevent spoofed SMS text messages from being sent upfront.

AML / KYC

SGX Issues Directions to Listed Issuers on Sanctions Compliance

By Manesh Samtani | 08/03/2022

Gazprom’s GDR listing on SGX has been suspended. Issuers are directed to suspend trading if they are subject to sanctions or engaging in sanctioned business dealings with Russia.

AML / KYC

New Zealand to Pass Russia Sanctions Bill This Week

By Manesh Samtani | 08/03/2022

The bill will pass “under urgency” this week, to provide further, extensive sanctions on Russia and individuals and companies connected to the Russian government.

AML / KYC

Bangladesh to Investigate Allegations in Panama, Paradise Papers

By Editors | 07/03/2022

A committee has been formed to investigate the money laundering allegations against Bangladeshi nationals named in the Panama Papers and Paradise Papers.

AML / KYC

Russia Lays Out Three Exit Options for Foreign Firms

By Manesh Samtani | 07/03/2022

One option is for foreign shareholders to transfer their shares to be managed by Russian partners until they return to the market at a later date.

AML / KYC

Singapore Sanctions Four Russian Banks, Imposes Other Restrictions

By Manesh Samtani | 06/03/2022

FIs that have relationships with the four banks must freeze their assets. DPT service providers are prohibited from facilitating sanctions evasion with crypto and NFTs.