AML / KYC

    AML / KYC

    FATF Publishes New Zealand Mutual Evaluation Report

    By Manesh Samtani | 30/04/2021

    Of the 40 recommendations, New Zealand is ‘Compliant’ on 8, ‘Largely Compliant’ on 20, and ‘Partially Compliant’ on 12.

    AML / KYC

    Australia Scraps Plan to Introduce Beneficial Ownership Register

    By Ranamita Chakraborty | 30/04/2021

    Senator Jane Hume reportedly refused to back the register, a move experts say will entrench Australia as a money laundering haven.

    AML / KYC

    UK Establishes New Global Anti-Corruption Sanctions Regime

    By Manesh Samtani | 28/04/2021

    The UK has made its first 22 designations under the new regime, including individuals in Russia, South Africa, Honduras, Nicaragua, Guatemala and South Sudan.

    AML / KYC

    Macau Amends Legal Framework to Enable Digital Yuan Adoption

    By Sanday Chongo Kabange | 27/04/2021

    Use of the fully traceable digital yuan will help Chinese authorities curb money laundering and illicit cross-border gambling.

    AML / KYC

    Mitigating Illicit Convergence in Transnational Financial Crime

    By Editors | 27/04/2021

    Rani Hong, Sasha Lezhnev, Ben Spevack and Che Sidanius discuss efforts under way to prevent the illicit exploitation of legal infrastructures for crime.

    AML / KYC

    HKMA Offers Guidance on Combatting Covid-19 Related Fraud, AML

    By Manesh Samtani | 26/04/2021

    The guidance emphasises the use of data from internal and external sources, proactive data analysis and information sharing to tackle emerging AML risks.

    AML / KYC

    Hong Kong: Six Arrested for Laundering HK$2.5bn

    By Sanday Chongo Kabange | 26/04/2021

    The six arrested persons opened 60 personal accounts at various banks and made over 2,600 suspicious transactions.

    AML / KYC

    Final Phase of Meng Extradition Case to Be Delayed

    By Sanday Chongo Kabange | 25/04/2021

    The final phase of the extradition case is being delayed to allow Meng’s lawyers to examine documents being provided by HSBC as a result of a Hong Kong court ruling.

    AML / KYC

    BSP Renews Push for Changes to Bank Secrecy Law

    By Editors | 23/04/2021

    BSP Governor Benjamin Diokno expects a pending bill to be acted upon by Congress as early as May.

    AML / KYC

    SFC Imposes Lifetime Ban on Co-CEOs of IDS Forex Ltd

    By Editors | 23/04/2021

    The co-CEOs knew of their chairman’s arrest and conviction in Korea for fraud but did not report the events to the SFC.

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