AML / KYC

    image

    Enforcement

    PBOC Fines Two Leading Securities Firms for AML Violations

    By Editors | 07/11/2024

    The two firms were penalised for failures to properly identify customers and submit suspicious transaction reports, and for conducting transactions with unidentified customers.

    image

    AML / KYC

    Singapore Publishes Proliferation Financing NRA and CPF Strategy

    By Manesh Samtani | 07/11/2024

    The document describes the PF risks Singapore faces, as well as its regulatory framework, risk mitigation measures, and national strategy to combat PF risks.

    image

    AML / KYC

    Australia Introduces “Landmark” Anti-Scam Legislation to Parliament

    By Sanday Chongo Kabange | 07/11/2024

    The bill will establish a ‘scams prevention framework’ and introduce certain mandatory obligations for banks, telcos and social media platforms.

    image

    AML / KYC

    FATF Upgrades South Africa on Three Recommendations

    By Editors | 07/11/2024

    The FATF said South Africa has made progress in addressing most deficiencies identified in its 2021 mutual evaluation report.

    image

    AML / KYC

    MAS Announces Key Decisions on New AML Framework for SFOs

    By Manesh Samtani | 07/11/2024

    MAS has extended the timelines for single family offices to submit initial notifications and annual reports. The transitional period will be 1 year instead of 6 months.

    image

    AML / KYC

    Singapore Court Jails Former Company Director for Money Laundering

    By Nithya Subramanian | 07/11/2024

    The former director allowed a Chinese money laundering syndicate to use company accounts in Singapore to receive proceeds of criminal conduct.

    image

    AML / KYC

    Taiwan Showcases Financial Sector’s New Anti-Fraud Tech Projects

    By Editors | 07/11/2024

    The initiatives include a joint learning project aimed at enhancing the accuracy of fraud detection models, and the use of telco data to help identify payment and remittance fraud.

    image

    AML / KYC

    Crystal Intelligence Highly Commended for Blockchain Analytics & Investigations Solution

    By Editors | 05/11/2024

    Crystal Intelligence Highly Commended in the Blockchain Analytics & Investigations Solution at the 2024 Regulation Asia Awards for Excellence

    image

    Press Release

    Regulation Asia Awards for Excellence 2024 – Results Announcement

    By Editors | 05/11/2024

    Regulation Asia held its 7th annual Awards ceremony on 4 November 2024. Here we announce the winners in each category.

    image

    AML / KYC

    SFC Calls for Responsible Adoption of Regtech for AML Fight

    By Sanday Chongo Kabange | 05/11/2024

    In a survey of licensed corporations, 80 percent said regtech adoption and utilisation has improved their AML capabilities.

    JOIN OUR NEWSLETTER

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