ADVERTISEMENT
Anti-Money Laundering
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
Singapore Reported to be Scrutinising Wealth from Chinese
By Editors | 12/03/2024
Family office applications with Chinese-affiliated wealth have been denied and applicants are facing tough questions.
Anti-Money Laundering
HM Treasury Consults to Ways to Enhance AML/CFT Regime
By Nithya Subramanian | 12/03/2024
The consultation seeks views on ways to make CDD checks more proportionate and effective, and how to ensure information sharing and collaboration gateways are open and useful.
Anti-Money Laundering
Swiss Authorities Convict BSI Bank for Money Laundering
By Nithya Subramanian | 12/03/2024
Switerland’s Office of the Attorney General has imposed a fine of CHF 4.5 million for violations between August 2010 and June 2014.
Anti-Money Laundering
FATF Issues Final Guidance to Support Implementation of R.25
By Editors | 12/03/2024
The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.
Anti-Money Laundering
Singapore’s COSMIC Initiative Will Prioritise Consumer Safeguards
By Nithya Subramanian | 12/03/2024
COSMIC, launching in May, requires banks to implement a number of safeguards to protect legitimate customers from having their information shared.
PEPs & Sanctions
Canadian FIs Required to Treat Russia as FATF-Blacklisted
By Editors | 12/03/2024
A ministerial directive requires Canadian FIs to treat every financial transaction connected to Russia as high-risk regardless of size.
Anti-Money Laundering
UK Launches Action Plan to Combat Money Muling
By Mark Johnston | 10/03/2024
The UK government has announced a 22-point action plan to disrupt money mule activity and support exploited victims.
Fraud, Scams & Cybercrime
UK Companies House Probes Erroneous Filings in Corporate Register
By Editors | 08/03/2024
Companies House this week gained new powers that allow it greater powers to query information and request supporting evidence.
Anti-Money Laundering
FCA Gives Firms 6 Months to Address Financial Crime Concerns
By Editors | 07/03/2024
The regulator found controls that haven’t kept pace with business growth, firms that aren’t properly resourced, and failures to properly assess risks.
Anti-Money Laundering
AUSTRAC Launches AML Probe Into Gambling Company Bet365
By Sanday Chongo Kabange | 07/03/2024
The probe follows a Nov 2022 order from AUSTRAC requiring Bet365 to appoint an external auditor to assess AML/CTF compliance.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.