ADVERTISEMENT
AML / KYC
Taiwan to Loosen Rules Imposed on Overseas Securities Clients
By Editors | 04/01/2025
The FSC will make account opening, order verification and fund deposits more convenient for overseas clients
AML / KYC
Thailand Works to Address Risks of Myanmar Transactions
By Manesh Samtani | 04/01/2025
No evidence was found that transactions with Myanmar were linked to weapons purchases. A new sanctions policy has been issued.
Crypto / Digital Assets
Philippine SEC Proposes New Regulatory Framework for Crypto
By Manesh Samtani | 02/01/2025
The rules cover capital requirements, consumer protection, disclosures and marketing, AML compliance, market abuse, and cybersecurity.
AML / KYC
Taiwan FIs to Connect ‘Financial Fast-ID’ Verification Systems
By Editors | 02/01/2025
A cross-system verification hub is being developed to connect the existing digital identity verification systems of various FIs.
AML / KYC
Vietnam Launches Nationwide Campaign Against Online Fraud
By Editors | 01/01/2025
Measures include developing an interagency coordination model and enhancing account verification, Internet banking security, and controls on crypto-related transactions.
AML / KYC
PNG Agencies Launch New Anti-Money Laundering Task Force
By Editors | 31/12/2024
The task force is described as a “crucial step” in PNG’s efforts to combat financial crime and avoid being placed on the FATF’s grey list.
AML / KYC
HKMA Directs Banks to Implement More Anti-Scam Measures
By Manesh Samtani | 28/12/2024
HKMA says banks should seek Police assistance and consider holding the transaction if they believe a customer is being scammed.
AML / KYC
OCC Issues Order Requiring BofA to Fix AML Deficiencies
By Editors | 28/12/2024
The order requires BofA to obtain OCC approval to launch new products or services that present high money laundering or sanctions risk.
Enforcement
1MDB Files Suit Against Corporate Service Provider Amicorp
By Editors | 28/12/2024
1MDB alleges HK-headquartered Amicorp used shell companies and fraudulent financial structures to facilitate the misappropriation of assets.
AML / KYC
AUSTRAC Publishes Unofficial “Future” Version of AML Act
By Editors | 28/12/2024
The document does not have legal effect but aims to help reporting entities understand the effect of the amendments passed in November.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team