Anti-Money Laundering

    Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

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    Anti-Money Laundering

    KoFIU Unveils New AML Education Initiatives for Financial Industry

    By Mark Johnston | 08/01/2024

    Firms will be allowed to set training hours for employees based on position and duties, and KoFIU will introduce a new AML competency test.

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    Cryptocurrency

    Korea to Diversify Funding Sources for Credit Finance Firms

    By Mark Johnston | 05/01/2024

    The legislative amendment applicable to credit finance firms will ban the use of credit cards to make payments on overseas crypto platforms.

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    KYC & CDD

    China: Regulator Calls on Banks to Improve FX Business Processes

    By Editors | 04/01/2024

    Banks should adopt “differentiated” review measures in their FX exchange business and deal with customers according to the level of risk they present.

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    KYC & CDD

    FinCEN Launches Beneficial Ownership Information Registry

    By Nithya Subramanian | 03/01/2024

    Existing companies have one year to lodge their beneficial ownership information while new companies have 90 days from registration.

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    Anti-Money Laundering

    Philippines Directs DNFBPs to Tighten Suspicious Transaction Reporting

    By Sanday Chongo Kabange | 02/01/2024

    Amended AMLC guidelines say no administrative, criminal or civil proceedings shall lie against any person for filing CTRs or STRs in good faith.

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    Anti-Money Laundering

    Regulation Asia: Top 20 News Stories for 2023

    By Editors | 02/01/2024

    This list presents the most-read news stories published by Regulation Asia in 2023, based on aggregated user traffic analytics.

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    Payments & Settlements

    Regulation Asia: Top 10 Contributed Articles for 2023

    By Editors | 02/01/2024

    This list presents the most-read contributed articles published by Regulation Asia in 2023, based on aggregated user traffic.

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    Structural Regulation

    Taiwan, Korea Reciprocally Lower Taxes on Dividend, Interest Income

    By Editors | 01/01/2024

    The agreement was signed in November 2021 after seven years of negotiations. It has taken until now for the required legislative processes.

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    Anti-Money Laundering

    Philippines Tightens Travel Rule Requirements for Crypto

    By Editors | 01/01/2024

    VASPs are expected to obtain, verify, and hold originator and beneficiary information for transactions with unhosted wallets regardless of the amount involved.

    Anti-Money Laundering

    India Blocks Nine Crypto Exchanges for Failure to Register

    By Ajoy K Das | 29/12/2023

    Binance, Kucoin and Huobi are among the platforms that have been blocked in India for not registering as reporting entities.

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