AML / KYC

    Big Picture

    Lack of Crypto Regulation Presents Financial Stability Risk: IMF

    By Mark Johnston | 05/10/2021

    The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.

    AML / KYC

    ESG Due Diligence: Setting a High Water Mark

    By Manesh Samtani | 05/10/2021

    Refinitiv’s Wendy De Cruz talks to Regulation Asia about new supply chain laws reshaping industries and the challenges FIs face in enhancing due diligence practices.

    AML / KYC

    Pandora Papers Expose Offshore Wealth of Public Officials

    By Manesh Samtani | 05/10/2021

    Some 35 current and former leaders are featured in the Pandora Papers leak, which contains 11.9 million documents from 14 offshore services firms.

    AML / KYC

    PBOC Directs Banks to Offer ‘Simple’ Account Opening

    By Editors | 03/10/2021

    Banks are asked to relax documentary requirements and provide simple personal account opening services, making use of external data to verify customer identities.

    AML / KYC

    MAS to Deploy Information Sharing Platform for AML/CFT

    By Manesh Samtani | 03/10/2021

    The COSMIC platform will be developed and deployed in phases. The initial participants are DBS, OCBC, UOB, StanChart, Citibank and HSBC.

    AML / KYC

    BSP Updates e-KYC Guidelines for Financial Institutions

    By Ranamita Chakraborty | 03/10/2021

    The guidelines include national digital ID system PhilSys as an accepted method for verifying customer identities, subject to proper authentication.

    AML / KYC

    AFP Wins First Asset Confiscation Case Under Operation Ironside

    By Editors | 01/10/2021

    A$6mn in cash obtained as a result of the forfeiture order will be redistributed to support crime prevention, law enforcement and related community initiatives.

    AML / KYC

    NZ FMA Toughens Approach to AML Non-Compliance

    By Manesh Samtani | 30/09/2021

    The FMA’s James Greig noted a lower tolerance for AML/CFT non-compliance, given the regime has been in place for eight years.

    AML / KYC

    US DOJ Links Singapore, Hong Kong to Tax Evasion Case

    By Editors | 30/09/2021

    An unsealed indictment shows that six individuals and a Swiss firm used accounts in Singapore and Hong Kong to help US clients evade taxes from 2009 to 2014.

    AML / KYC

    Korean VASPs Barred From Trading Native Tokens

    By Sanday Chongo Kabange | 29/09/2021

    A new conflict of interest rule bars VASPs from trading native tokens and their staff from trading virtual assets on their own platforms.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.