Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.
Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.
Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.
Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.
PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.
Financial technology and digital payment systems are abetting the greatest money laundering campaign in the history of finance.
In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.
Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.
Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.
Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.