AML / KYC

    Enforcement

    Billionaire’s Arrest Signals China’s Intent to End Cross-Border Gambling

    By Darien Choong | 05/12/2021

    Suncity Group’s Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal “live web betting platform” in the Philippines, targetting customers in mainland China.

    AML / KYC

    EU Due Diligence Initiative Back in Focus After Delays

    By ESG Investor | 01/12/2021

    Much-postponed proposal now expected in December, following the unveiling of EU deforestation supply chain due diligence measures.

    AML / KYC

    Environmental Crime, A Global Security Issue

    By Manesh Samtani | 01/12/2021

    Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.

    AML / KYC

    Police Arrest 1,000 in Interpol Operation Targeting Online Fraud

    By Ranamita Chakraborty | 01/12/2021

    The operation was used to test a new worldwide stop-payment mechanism which Interpol plans to fully embed in police communication channels next year.

    AML / KYC

    AUSTRAC to Update Guidance on Reporting Cash Transactions

    By Editors | 30/11/2021

    A TTR will be required for each individual cash transaction of A$10,000 or more. Reporting entities will not need to combine transactions when submitting TTRs.

    AML / KYC

    HK ICAC Arrests Nine in Corruption Probe Involving Macau Firm

    By Editors | 30/11/2021

    CPAs and audit staff are suspected of accepting bribes to compile a false accountants’ report that was submitted to HKEX for a main board listing.

    AML / KYC

    SFC Issues Technical Guidance for New Reporting Regime

    By Editors | 28/11/2021

    A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.

    AML / KYC

    Australia Introduces Sanctions Reform Bill to Parliament

    By Manesh Samtani | 28/11/2021

    The bill allows targeted sanctions to be imposed to address themes such as gross human rights violations, malicious cyber activity and serious corruption.

    AML / KYC

    SEC Thailand Proposes Regulations to Ban Privacy Coins

    By Editors | 28/11/2021

    The proposed ban is aimed at preventing the misuse of digital assets as a tool to commit crime, the SEC said.

    AML / KYC

    Taiwan FSC Increases Limits on Digital Deposit Accounts

    By Darien Choong | 24/11/2021

    The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team