Even without direct sanctions, a significant number of metals consumers are expressing an unwillingness to accept Russian metal in 2023, LME says.
Local and foreign companies are required to maintain a register of nominee shareholders, and lodge information on their controllers with ACRA.
When performing SoF and SoW checks, reporting entities must avoid the misconception that money coming from a bank can be presumed to be clean.
ACRA is empowered to conduct inspections on accounting entities, compel them to remediate lapses identified, and impose sanctions when necessary.
Dubbed 'Scameter', the search engine allows members of the public to check information such as bank account numbers and email addresses for previous links to scams.
The package completely bans the provision of crypto wallets, accounts, or custody services to Russian nationals and entities, among other measures.
Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.
New Zealand, Australia, Taiwan and Singapore received the best ML/TF risk scores among APAC jurisdictions in the latest Basel AML Index.
A CFR policy paper provides four recommendations to address de‑banking of fintechs, crypto exchanges and remittance firms.
New report offers recommendations to target bankers, lawyers, and accountants who provide advice and support to violent kleptocracies and corrupt networks.
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