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AML / KYC
IMF, WB Propose Framework for Assessing Remittance Corridor Risk
By Sanday Chongo Kabange | 14/12/2021
Corridor risk assessments will help to simplify AML/CFT and CDD measures in lower-risk remittance transactions.
Market Infrastructure
RBI to Require LEI Use in Large Cross-border Transactions
By Editors | 14/12/2021
From 1 October 2022, AD Cat-I Banks will have to obtain LEIs from resident entities undertaking capital or current account transactions of INR 500 million and above.
AML / KYC
Parallel Myanmar Government Recognises Tether as Official Currency
By Editors | 14/12/2021
The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.
Securities / Derivatives
US Sanctions Force Chinese AI Firm to Postpone HK IPO
By Manesh Samtani | 13/12/2021
The US Treasury placed Chinese AI firm SenseTime on an investment blacklist just as the company was preparing to list in Hong Kong.
AML / KYC
CSRC to Enhance Account Management in Securities Industry
By Darien Choong | 13/12/2021
A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.
AML / KYC
AUSTRAC Issues Financial Crime Guide on Disaster Payments Fraud
By Editors | 13/12/2021
The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.
AML / KYC
FATF Calls for Global Action on Environmental Crime
By Editors | 13/12/2021
For the first time, the UNODC, UNEP and CITES met with the FATF to discuss partnerships to fight money laundering from environmental crimes.
AML / KYC
US Treasury Targets Human Trafficking in Updated Action Plan
By Mark Johnston | 12/12/2021
Treasury will leverage its AML expertise to augment human trafficking investigations, and develop advisories to alert FIs to potential red flags.
Press Release
Regulation Asia Awards for Excellence 2021 – Results Announcement
By Editors | 10/12/2021
Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.
Enforcement
China: Top Banking and Securities Officials Accused of Corruption
By Darien Choong | 09/12/2021
A new wave of anti-corruption probes has brought down senior officials and executives from the SSE, CSRC, CBIRC, ICBC and Everbright Bank.
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