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Anti-Money Laundering
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
MAS Fines Three Banks and an Insurer for AML Breaches
By Karen Ng | 22/06/2023
The institutions had “inadequate AML/CFT controls in place” when they dealt with persons who were involved in Wirecard-related transactions.
Cryptocurrency
Cuscal Introduces New Requirements for Crypto Firms in Australia
By Ranamita Chakraborty | 22/06/2023
Digital currency exchanges have to meet additional requirements to continue using services on Cuscal’s platform.
Fraud, Scams & Cybercrime
Terra Founder Jailed for Four Months in Montenegro
By Mark Johnston | 22/06/2023
Do Kwon and another former Terra executive were arrested in Montenegro in March for possessing fake passports.
Anti-Money Laundering
Indonesia OJK Issues New AML/CFT/CPF Regulations
By Sanday Chongo Kabange | 22/06/2023
OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.
Anti-Money Laundering
AMLC Sheds Light on Terrorism Financing Threats Facing Philippines
By Editors | 21/06/2023
New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.
Anti-Money Laundering
EBA Calls Out Ineffective AML Risk Management in Payments Sector
By Sanday Chongo Kabange | 21/06/2023
The EBA says money laundering and terrorist financing risks are “not managed effectively” at EU payment institutions.
Anti-Money Laundering
Singapore Sentences Two Former Wirecard Employees to Jail
By Karen Ng | 21/06/2023
These are the first convictions in the Wirecard scandal that brought down the German payment processor.
Fraud, Scams & Cybercrime
Hong Kong Launches AML Information Sharing Platform for Banks
By Manesh Samtani | 21/06/2023
The five banks participating in the pilot phase are BOCHK, Standard Chartered, HSBC, Hang Seng Bank, and ICBC Asia.
PEPs & Sanctions
Philippines Steps Up Efforts to Exit FATF ‘Grey’ List
By Ranamita Chakraborty | 20/06/2023
The Philippines’ Anti-Money Laundering Council’s executive director Matthew M. David talks to Regulation Asia about its action plan to take the country out of the Financial Action Task Force’s ‘Grey’ List.
Anti-Money Laundering
SEBI Amends AML Guidelines for Securities Market Intermediaries
By Editors | 20/06/2023
The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.
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