AML / KYC

    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”.

    AML / KYC

    AUSTRAC Proposes New Guidance on Performing SoF, SoW Checks

    By Editors | 22/02/2022

    The draft guidance explains source of funds and source of wealth checks, and when reporting entities should perform such checks using a risk-based approach.

    AML / KYC

    Philippine AMLC Asks FIs to Guard Against Digital Vote-Buying

    By Editors | 21/02/2022

    The advisory comes in anticipation of an influx of financial activities that usually occur during elections. The Philippines has a general election on 8 May.

    AML / KYC

    Tax Justice Network: Measures to Address Complex Ownership

    By Manesh Samtani | 21/02/2022

    Countries should ‘name and shame’ companies with highly complex ownership structures and consider forcing ‘too complex to fail’ companies to simplify.

    AML / KYC

    Korea’s KT Corp to Pay $6.3m for FCPA Violations

    By Editors | 21/02/2022

    KT Corp maintained slush funds for nearly a decade which were used by executives and employees to bribe Korean and Vietnamese officials.

    AML / KYC

    Suisse Secrets: Data Leak Reveals Criminals Clients at Swiss Bank

    By Manesh Samtani | 21/02/2022

    The data unearthed evidence that Credit Suisse accounts were used by clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes.

    Fintech / Regtech

    US DOJ Appoints First Director of National Crypto Enforcement Team

    By Editors | 20/02/2022

    The FBI has meanwhile created a new “Virtual Asset Exploitation Unit”, which will provide analysis, support, training and new tools to stay ahead of future crypto-related threats.

    AML / KYC

    18 Crypto Exchanges Jointly Launch Travel Rule Solution

    By Editors | 18/02/2022

    The firms include BitGo, bitFlyer, Bittrex, BlockFi, Circle, Coinbase, Fidelity Digital Assets, Gemini, Kraken, and Robinhood, among others.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.