AML / KYC

AML / KYC

Sydney Roundtable: More AML Guidance Needed for Capital Markets

By Manesh Samtani | 04/05/2023

Roundtable participants said there is often little attention being paid to money laundering risks by capital market practitioners in Australia.

AML / KYC

UK Government Announces New National Fraud Strategy

By Editors | 04/05/2023

Cold calls for financial products will be banned. Banks may be given more time to process payments to allow suspicious payments to be investigated.

AML / KYC

SEBI Mandates LEI Reporting Requirement for Debt Issuers

By Editors | 03/05/2023

Issuers of listed non-convertible securities, securitised debt instruments and security receipts must obtain and report their LEI by 1 September.

AML / KYC

Taiwan to Release New Rules for Crypto in September

By Editors | 03/05/2023

The FSC is creating a new bureau that will be dedicated to the crypto sector, adding to its four existing bureaus.

AML / KYC

Combatting TBML Through Beneficial Ownership and Enhanced Transparency

By Jeremy Moller | 02/05/2023

Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.

AML / KYC

US Court Convicts Hip Hop Artist Over Jho Low Connection

By Editors | 01/05/2023

Prosecutors said Pras Michél worked with Jho Low to influence the US government during the Obama and Trump presidencies.

AML / KYC

Singapore: 1st Phase of Financial Services and Markets Act Commences

By Editors | 01/05/2023

The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.

AML / KYC

CFTC Issues Largest Ever Civil Monetary Penalty

By Editors | 30/04/2023

The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.

AML / KYC

China Establishes Nationwide Property Registration System

By Editors | 30/04/2023

The new registration system will provide regulators full transparent view of real estate ownership and support their efforts to prevent systemic risks.