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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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