Wilful defaulters will not be allowed to travel, secure trade licences, register companies, or serve as a director of any financial institution.
A new report from NICE Actimize and Regulation Asia sheds light on APAC’s use of technology to fight financial crime.
Banks are asked to choose which banks they would prefer to merge with and make preparations accordingly.
The system has been initially implemented on the HNX. Once fully implemented, the same system will be established at HoSE.
Deployment was initially planned for 2015, but the project has faced delays and setbacks, including the pandemic, extending the rollout to nearly ten years.
Second version of the voluntary guidance limits utility to investors by allowing companies and countries to “pick and choose”.
A study from LexisNexis Risk Solutions finds the higher costs are attributed to technology, labour, and the growing use of crypto and AI tech for illicit activities.
The government has directed the Ministry of Finance to develop a legal framework for banning or regulating virtual assets.
The new association will provide training and represent the investors on matters such as legal protection and market development.
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