AML / KYC

AML / KYC

Thai SEC Proposes UBO Registration Rules for Securities Firms

By Sanday Chongo Kabange | 08/08/2021

Securities firms offering trading, exchange or underwriting services will be required to ensure customers register their foreign beneficiaries.

AML / KYC

US DOJ Repatriates Additional $452bn in 1MDB Funds to Malaysia

By Editors | 08/08/2021

The total funds belonging to 1MDB that have been returned to date amount to over $1.2bn, the DOJ said in a statement.

AML / KYC

SEBI Allows Indian Fund Managers to Participate in FPIs

By Editors | 07/08/2021

KYC norms that required FPIs and institutional investors to disclose their personal information to SEBI have also been relaxed.

AML / KYC

MAS Finalising New Data-sharing Platform for Banks

By Manesh Samtani | 05/08/2021

The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.

AML / KYC

China’s Opposition to Cryptocurrency is Ideological – Report

By Manesh Samtani | 05/08/2021

A new Chainalysis report explains China’s crackdown on cryptocurrency, the country’s role in crypto-related crime, and the implications of a digital yuan.

AML / KYC

Singapore: Woman Jailed for Helping to Launder Scam Proceeds

By Sanday Chongo Kabange | 05/08/2021

Rohaiza Alap provided 25 bank accounts to scammers to launder S$2mn out of Singapore. She also recruited others to act as money mules.

AML / KYC

Korean Crypto Exchanges Start to Close Amid Regulatory Pressure

By Editors | 04/08/2021

Up to 11 cryptocurrency exchanges in Korea are planning to shut down after their deposit accounts were linked to fraudulent activities.

AML / KYC

Bangladesh Bank Reiterates Ban on Cryptocurrency

By Sanday Chongo Kabange | 04/08/2021

Bangladesh Bank sought to clarify its stance after reports emerged suggesting that crypto transactions are only illegal if they are linked to other crimes.

AML / KYC

Crypto Crime Reaches Record Levels in Hong Kong

By Editors | 04/08/2021

Victims lost HK$214m in cryptocurrency crimes in the first half of 2021, compared to HK$114.4mn across all of 2020.