AML / KYC

    Fintech / Regtech

    No Ban on Cryptocurrency, says Malaysia Finance Minister

    By Manesh Samtani | 05/01/2018

    Exchanges to be recognised by central bank once regulations are in place; draft guidelines on reporting obligations to come into force early 2018.

    AML / KYC

    Singapore Issues 7th, 8th Bans Related to 1MDB Probe

    By Editors | 20/12/2017

    Yeo Jiawei, a former BSI wealth manager, gets lifetime ban to add to his convictions for 1MDB related money laundering, cheating and witness tampering.

    AML / KYC

    Commonwealth Bank Responds to AUSTRAC Allegations

    By Garima Chitkara | 14/12/2017

    Bank admits late filing of reports on more than 50,000 deposits into its ATMs, AUSTRAC seeking penalties for individual AML/CTF law breaches.

    AML / KYC

    US Lifts Threat of Criminal Charges against HSBC

    By Garima Chitkara | 14/12/2017

    Bank released from deferred prosecution agreement after meeting its terms; outgoing CEO says AML to remain ‘a top priority’ in 2018.

    AML / KYC

    Australia Makes Cryptocurrencies ‘Equivalent to Cash’ for AML/CTF Purposes

    By Editors | 11/12/2017

    **Australia joins Japan in recognising cryptocurrencies as a store of value, international transactions of $7,500 or more must be reported.
    **

    AML / KYC

    What You Need to Know About MiFID II Product Governance Requirements

    By Samuel Riding | 07/12/2017

    With less than a month to go before the MiFID II comes into effect, Vijay Chander, executive director for Fixed […]

    AML / KYC

    Don’t Panic – MiFID II Set for ‘Soft’ Launch

    By Samuel Riding | 07/12/2017

    Experts say regulators likely to accept a ‘best efforts’ approach for at least several weeks after MiFID II official implementation deadline.

    AML / KYC

    EU Blacklists S.Korea, Macau Tax Regimes; HK on ‘Greylist’

    By Garima Chitkara | 07/12/2017

    HK on ‘greylist’; Macau, S.Korea, on blacklist with the latter said to operate a ‘harmful preferential tax regime’ for the wealthy, companies.

    AML / KYC

    HK SFC Sees Criminal Charges Surge

    By Editors | 07/12/2017

    Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.

    AML / KYC

    HK SFC, CSRC Agree Investor ID System for Northbound Stock Connect

    By Editors | 04/12/2017

    SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.

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