Anti-Money Laundering

Custody & Infrastructure

Meta Alpha Receives High Commendation at 2024 Regulation Asia Awards

By Editors | 04/11/2024

Meta Alpha was Highly Commended in the Boutique Digital Assets Advisory Firm of the Year category at the 7th Regulation Asia Awards for Excellence 2024.

Anti-Money Laundering

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.

Cryptocurrency

Taiwan to Implement New VASP Registration System on 30 November

By Editors | 03/11/2024

The FSC is also drafting a new special law for virtual assets, covering areas such as licensing, consumer protection, capital requirements, and trading behaviour.

Anti-Money Laundering

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.

Anti-Money Laundering

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.

Structural Regulation

US, Taiwan to Start Negotiating Agreement to Address Double Taxation

By Editors | 01/11/2024

Currently, Taiwanese businesses and individuals are taxed on their income by both the US and Taiwanese governments.

Anti-Money Laundering

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.

PEPs & Sanctions

New Zealand Launches Review of Russia Sanctions Act

By Editors | 31/10/2024

The review aims to assess the Act’s operation and effectiveness, focusing on its practicality, compliance costs, and achievement of its purpose.

Anti-Money Laundering

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.