AML / KYC

    AML / KYC

    Western Leaders Pledge to Remove Russian Banks from SWIFT

    By Manesh Samtani | 28/02/2022

    Western leaders have committed to removing “selected Russian banks” from the SWIFT financial messaging system to harm their ability to operate globally.

    AML / KYC

    EC Adopts Proposal on Corporate Sustainability Due Diligence

    By Manesh Samtani | 28/02/2022

    The proposal requires companies, including certain non-EU companies, to address negative human rights and environmental impacts in their supply chains.

    AML / KYC

    BitMEX Founders Agree Settlement for US AML Violations

    By Editors | 28/02/2022

    Arthur Hayes and Benjamin Delo have pleaded guilty to breaching AML laws and agreed to pay a USD 10 million fine each.

    AML / KYC

    PBOC Allows Merchants to Continue Using Personal QR Codes

    By Sanday Chongo Kabange | 27/02/2022

    Rules issued last October were about to take effect that would have prohibited merchants from using personal QR codes to receive payments from 1 March.

    AML / KYC

    Russia Facing Comprehensive Sanctions Over Ukraine Invasion

    By Manesh Samtani | 25/02/2022

    The US is targeting all ten of Russia’s largest financial institutions. Russian access to most major markets has been restricted.

    AML / KYC

    Ex-Goldman Exec Alleges BNM Was Involved in 1MDB Graft

    By Editors | 24/02/2022

    Tim Leissner said BNM approved a USD 1 billion overnight transfer out of 1MDB but that he could not independently verify whether a bribe was paid.

    Fintech / Regtech

    CBIRC Warns of Metaverse-related Investment Scams

    By Darien Choong | 22/02/2022

    The CBIRC warns of criminals luring the public to invest in high-tech projects related to the metaverse and profiting from “fake virtual currencies”.

    AML / KYC

    US, EU, UK, Japan Announce Sanctions Against Russia

    By Manesh Samtani | 22/02/2022

    Sanctions are being imposed against Russian state-owned banks, officials, oligarchs, and new debt issued by the central bank, sovereign wealth fund or government.

    AML / KYC

    US Imposes Sanctions Against ‘Breakaway’ Regions in Ukraine

    By Editors | 22/02/2022

    The sanctions come after Russian President Vladimir Putin signed a decree recognising two regions in eastern Ukraine as independent.

    AML / KYC

    China: Regulators Suspend Implementation of New CDD Rules

    By Editors | 22/02/2022

    The new rules were meant to take effect on 1 March, but implementation has been suspended “due to technical reasons”.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team