ADVERTISEMENT
AML / KYC
BNM Issues Guidance Documents on AML/CFT Obligations
By Editors | 02/09/2020
Guidance is provided for financial institutions, DNFBPs and NBFIs on AML/CFT and targeted financial sanctions, customer due diligence and beneficial ownership.
AML / KYC
US DOJ Files Civil Forfeiture Complaint to Recover Stolen Crypto
By Manesh Samtani | 31/08/2020
The two crypto exchange hacks detailed in the complaint are linked to the same group of Chinese actors who laundered over $250mn in stolen cryptocurrency for North Korea in 2018.
AML / KYC
Trade-based Money Laundering: Avoiding Murky Waters
By Jamil Ahmed | 31/08/2020
HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
AML / KYC
US Agencies Warn of North Korean ATM Cash-out Threat
By Manesh Samtani | 30/08/2020
The hacking team uses various techniques to gain access to banks’ SWIFT terminals to enable wire fraud or their payment switch application servers to enable ATM cash-outs.
AML / KYC
ASIC Ends Years-old Probe into CBA’s AML Breaches
By Editors | 26/08/2020
ASIC will not be pursuing further enforcement action against Commonwealth Bank for the AML breaches that in 2018 resulted in a A$700mn settlement with AUSTRAC.
AML / KYC
US Sanctions Chinese Individuals, Entities Over South China Sea
By Editors | 26/08/2020
The US accuses one Chinese state-owned enterprise of engaging in “corruption, predatory financing, environmental destruction, and other abuses across the world.”
AML / KYC
SFC Grants In-principle Approval to Virtual Asset Trading Platform
By Editors | 23/08/2020
Once conditions for final approval are satisfied, OSL will be able allowed to operate a brokerage and automated trading service for digital assets.
AML / KYC
Pakistan Issues Consolidated List of Sanctioned Individuals, Entities
By Editors | 23/08/2020
The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.
AML / KYC
Thailand SEC to Simplify KYC Rules for Low Risk Investment Products
By Editors | 22/08/2020
The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.
AML / KYC
ISO Sets Standard for Embedding LEIs in Digital Certificates
By Editors | 22/08/2020
Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team