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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
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.
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.
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.
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.
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.
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.
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.
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.
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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