AML / KYC

    Enforcement

    German Prosecutors Raid Deutsche Offices for “Cum-Ex” Probe

    By Editors | 21/10/2022

    The Cum-Ex scandal dates back more than a decade. Deutsche Bank is said to be fully cooperating with inspections at its Frankfurt offices.

    AML / KYC

    INTERPOL Launches First Global Police Metaverse

    By Editors | 20/10/2022

    INTERPOL Metaverse users can interact with other officers and take training courses. A new expert group will work to secure the metaverse from crime.

    AML / KYC

    Japan Authorities Warn Crypto Firms of Lazarus Group Threat

    By Manesh Samtani | 20/10/2022

    An advisory calls on crypto firms to strengthen their security controls, and implement staff and user training programmes.

    AML / KYC

    Korea to Launch National Digital ID in 2024

    By Editors | 20/10/2022

    An app will be used to embed blockchain-powered digital IDs into mobile devices. Government officials will not have access to stored data.

    AML / KYC

    Philippine May Pass Bank Secrecy Law Amendments Next Month

    By Editors | 20/10/2022

    The amendments will allow the BSP to look into deposit accounts for inquiries into fraud, serious irregularity, and unlawful activity.

    AML / KYC

    EU to Sanction Iran Over Drone Sales to Russia

    By Editors | 20/10/2022

    The EU has just imposed sanctions over the way protests in Iran are being handled. The drone transfers to Russia are considered a violation of a UNSC resolution.

    AML / KYC

    Philippines to Curb Scams by Requiring ID Registration for SIM Cards

    By Editors | 19/10/2022

    Telcos are required to collect customer ID information when selling SIM cards. The law is aimed at curbing the spread of spam text messages and scams.

    AML / KYC

    Canada, Switzerland Sanction More Russians, EU Considers 9th Package

    By Manesh Samtani | 19/10/2022

    The next round of EU sanctions could include limits on LPG imports, more restrictions against Russian banks, and a ban on the sale of European real estate to Russians.

    AML / KYC

    HK Regulator Urges Insurers to Cooperate with ICAC Investigations

    By Editors | 18/10/2022

    The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.

    AML / KYC

    IMF Publishes Guide to Beneficial Ownership Transparency

    By Editors | 18/10/2022

    Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.

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