AML / KYC

AML / KYC

FIs Must ‘Strictly’ Perform CDD on DNFBP Clients, BSP Says

By Sanday Chongo Kabange | 04/06/2023

CDD includes identifying and verifying the true identities and beneficial owners of DNFBP clients such as lawyers, accountants and real estate developers.

AML / KYC

EU, Canada Sanction Moldova Nationals for ‘Destabilising’ Activities

By Manesh Samtani | 04/06/2023

Four individuals are on both sanctions lists for supporting a Russian plan to overthrow the Moldovan government.

AML / KYC

EU Officials Formally Sign MiCA Into Law

By Sanday Chongo Kabange | 02/06/2023

The MiCA legislation was signed into law on Wednesday by European Parliament president Roberta Metsola and Swedish minister Peter Kullgren.

AML / KYC

NZ’s Ministry of Justice Releases Amended AML Regulations

By Editors | 01/06/2023

From 1 June 2024, new obligations will be imposed on reporting entities related to virtual asset transfers, deposits, withdrawals, and exchange.

AML / KYC

MAS Introduces Reporting Obligations for Exempted Payments Firms

By Manesh Samtani | 01/06/2023

Crypto firms still under a PSA exemption have to report the total number of “higher risk customers” they serve, such as PEPs and their close associates.

Press Release

Leading Regtech Firms Announced as Winners at Pitch! Regtech

By Editors | 01/06/2023

Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

AML / KYC

BIS Innovation Hub Concludes Study on Data Technologies for AML

By Manesh Samtani | 01/06/2023

Project Aurora highlighted the importance of payments data and demonstrated how privacy-enhancing technologies can enhance cross-border collaboration.

AML / KYC

Perth Mint Misses AUSTRAC Deadline, CEO Resigns

By Editors | 31/05/2023

The delay was attributed to the complexity of the audit and the challenges in gathering the required information.

AML / KYC

HKMA: Revised AML Guideline Raises Focus on Effectiveness

By Ranamita Chakraborty | 31/05/2023

HKMA’s Carmen Chu says an external consultant has been engaged to help prepare a new guidance paper on AML/CFT controls for PEPs.