AML / KYC

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    Press Release

    Babel Street Match Platform Recognised as ‘One to Watch’ at 2024 Regulation Asia Awards

    By Editors | 04/11/2024

    The Babel Street Match platform earned a One to Watch recognition in the Best PEPs & Sanctions Screening Solution category at the 7th Regulation Asia Awards for Excellence 2024

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    AML / KYC

    China: NPC Standing Committee Reviewing Updates to AML Law

    By Manesh Samtani | 04/11/2024

    The revisions were first proposed in 2021 and have undergone two stages of review. This is expected to be the final stage of review.

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    AML / KYC

    MAS Publishes Findings from Recent AML Inspections at FIs

    By Manesh Samtani | 03/11/2024

    The new information paper addresses customers with multiple nationalities, source of wealth establishment, and post-STR risk mitigation measures, among other areas.

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    AML / KYC

    Singapore Launches Law Enforcement Strategy to Tackle Money Laundering

    By Nithya Subramanian | 01/11/2024

    The strategy identifies 4 focus areas and 10 key actions to ensure that law enforcement agencies remain at the forefront of AML efforts.

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    AML / KYC

    FATF Upgrades South Korea on R.8 in New Follow-up Report

    By Editors | 31/10/2024

    The report says Korea has addressed several deficiencies in its AML/CFT framework that will help prevent the abuse of NPOs.

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    AML / KYC

    FATF Consults on Revisions to Promote Financial Inclusion

    By Manesh Samtani | 31/10/2024

    The proposed revisions aim to better promote financial inclusion through increased focus on proportionality and simplified measures in the risk-based approach.

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    AML / KYC

    Addressing Non-Latin Script Challenges in Name Screening and AML

    By Bradley Maclean | 31/10/2024

    As global financial crime becomes more complex, companies like Aereve are pioneering technologies to reduce false positives, enhance compliance, and mitigate risks.

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    AML / KYC

    25 New Charges Against Malaysia’s Najib Razak are Valid, Court Rules

    By Nithya Subramanian | 30/10/2024

    Former Malaysia Prime Minister Najib Razak will have to face four additional abuse of power charges and 21 additional money laundering charges.

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    AML / KYC

    Singapore Publishes National Anti-Money Laundering Strategy

    By Nithya Subramanian | 30/10/2024

    The new national AML strategy expands on a 2016 policy statement and introduces three building blocks and three supporting pillars to improve Singapore’s AML framework.

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    AML / KYC

    Bangladesh Bank Governor Alleges $17b State-Linked Bank Fraud

    By Nithya Subramanian | 30/10/2024

    Ahsan H Mansur alleged that Alam Group siphoned off $10bn from the banking system with help from the country’s military intelligence agency.

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