AML / KYC

    AML / KYC

    FFIS Takes Stock of AML & Fraud Data Sharing Platforms

    By Editors | 03/08/2022

    New paper covers 15 different private-private financial information sharing platforms across the US, UK, Singapore, the Netherlands, Switzerland, Estonia and Australia.

    AML / KYC

    Moscow Exchange Commences Trading in First Yuan Bonds

    By Editors | 03/08/2022

    Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.

    AML / KYC

    US Imposes New Round of Sanctions Against Russia

    By Editors | 03/08/2022

    The sanctions target Kremlin-connected elites, including retired Olympic gymnast Alina Kabaeva, who is understood to be Putin’s girlfriend.

    AML / KYC

    UK Launches UBO Register for Foreign-owned Property

    By Manesh Samtani | 03/08/2022

    The register requires foreign buyers of UK property to disclose their true beneficial ownership and verify their identities with Companies House.

    AML / KYC

    Korea FSS Completes Woori Bank Embezzlement Inspection

    By Editors | 02/08/2022

    The inspection found that the amount embezzled was more than originally reported, and the Woori had insufficient internal controls in place.

    AML / KYC

    AUSTRAC Proposes Rule Change to Accommodate ISO 20022

    By Editors | 29/07/2022

    The proposed amendments will enable reporting entities to submit IFTIs using the ISO 20022 message format.

    AML / KYC

    UK, EU Introduce Additional Sanctions Against Russia

    By Manesh Samtani | 28/07/2022

    The UK announced 42 new designations. The EU extended its sanctions and added 54 more individual and 10 more entity designations.

    AML / KYC

    ASIC Warns of Prevalence of Payment Redirection Scams

    By Editors | 28/07/2022

    The latest ACCC data shows that payment redirection scams caused the highest losses to businesses in 2021.

    AML / KYC

    Philippine Court Jails Seven Over Investment Scam

    By Editors | 28/07/2022

    Seven perpetrators of a PHP 3 billion investment scam were sentenced to 20 years in jail each on top of financial penalties. Four others remain at large.

    AML / KYC

    US Treasury Allows Payouts on Russia Bond CDS

    By Editors | 28/07/2022

    General licence authorises US persons to participate in auction processes and receive Russian bonds to settle CDS transactions with Russian entities.

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