AML / KYC

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    AML / KYC

    MAS Introduces Reporting Obligations for Exempted Payments Firms

    By Manesh Samtani | 01/06/2023

    Crypto firms still under a PSA exemption have to report the total number of “higher risk customers” they serve, such as PEPs and their close associates.

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    Press Release

    Leading Regtech Firms Announced as Winners at Pitch! Regtech

    By Editors | 01/06/2023

    Judges selected Aboitiz Data Innovation, HAWK:AI, Synpulse, and Rimm Sustainability as the winners at Regulation Asia’s inaugural Pitch! Regtech event.

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    AML / KYC

    BIS Innovation Hub Concludes Study on Data Technologies for AML

    By Manesh Samtani | 01/06/2023

    Project Aurora highlighted the importance of payments data and demonstrated how privacy-enhancing technologies can enhance cross-border collaboration.

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    AML / KYC

    Perth Mint Misses AUSTRAC Deadline, CEO Resigns

    By Editors | 31/05/2023

    The delay was attributed to the complexity of the audit and the challenges in gathering the required information.

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    AML / KYC

    HKMA: Revised AML Guideline Raises Focus on Effectiveness

    By Ranamita Chakraborty | 31/05/2023

    HKMA’s Carmen Chu says an external consultant has been engaged to help prepare a new guidance paper on AML/CFT controls for PEPs.

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    Capital / Liquidity

    APRA, AUSTRAC Enter Enforceable Undertakings With BoQ

    By Editors | 31/05/2023

    For APRA’s enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.

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    AML / KYC

    Australia: Crown Agrees to A$450m Penalty for AML Failures

    By Editors | 31/05/2023

    Crown admitted to AML/CTF breaches at its Melbourne and Perth casinos and agreed to pay A$450mn, subject to court approval.

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    AML / KYC

    SkyCity Adelaide Ordered to Review AML/CTF Programme

    By Editors | 30/05/2023

    SkyCity Adelaide ordered to report on how it is meeting its AML/CTF obligations, and appoint an independent monitor.

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    AML / KYC

    Taiwan Intensifies Crackdown Against Fake Online Ads

    By Sanday Chongo Kabange | 29/05/2023

    The FSC is working with Meta and Google to remove misleading investment advertisements from their platforms.

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    Crypto / Digital Assets

    Hong Kong Police Launch “CyberDefender Metaverse” Platform

    By Editors | 29/05/2023

    The platform is designed to help educate the public about cyber crimes in the Metaverse, especially those involving virtual assets.

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