AML / KYC

Enforcement

Ex-PBOC Deputy Governor Arrested on Bribery Suspicions

By Editors | 22/06/2023

Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.

AML / KYC

Indonesia OJK Issues New AML/CFT/CPF Regulations

By Sanday Chongo Kabange | 22/06/2023

OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.

AML / KYC

AMLC Sheds Light on Terrorism Financing Threats Facing Philippines

By Editors | 21/06/2023

New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.

AML / KYC

Taiwan Launches Action Plan to Boost Anti-Fraud Effort

By Editors | 21/06/2023

The action plan includes measures to identify, block, prevent and punish fraud, and improve seizure and recovery practices.

AML / KYC

EBA Calls Out Ineffective AML Risk Management in Payments Sector

By Sanday Chongo Kabange | 21/06/2023

The EBA says money laundering and terrorist financing risks are “not managed effectively” at EU payment institutions.

AML / KYC

Hong Kong Launches AML Information Sharing Platform for Banks

By Manesh Samtani | 21/06/2023

The five banks participating in the pilot phase are BOCHK, Standard Chartered, HSBC, Hang Seng Bank, and ICBC Asia.

AML / KYC

Japan Introduces New Tax Rules for Token Issuers

By Mark Johnston | 20/06/2023

The new tax rules exempt issuers from paying taxes on unrealised gains on tokens they issue and hold.

AML / KYC

Philippines Steps Up Efforts to Exit FATF ‘Grey’ List

By Ranamita Chakraborty | 20/06/2023

The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.

AML / KYC

SEBI Amends AML Guidelines for Securities Market Intermediaries

By Editors | 20/06/2023

The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.