Anti-Money Laundering

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.

Cryptocurrency

US Court Orders Binance to Isolate US Business from Global Operations

By Manesh Samtani | 19/06/2023

The SEC said the “emergency relief” helps ensure that Binance.US customers are protected and their assets remain in the US.

Cryptocurrency

HKMA Meets with Crypto Firms on Banking Access Challenges

By Karen Ng | 19/06/2023

Banks operating in Hong Kong should endeavour to meet the legitimate business need of licensed VASPs, the HKMA told Regulation Asia.

Resolution & Recovery

Australia Assessing Adequacy of Crisis Management Settings

By Ranamita Chakraborty | 16/06/2023

Regulators are assessing Australia’s crisis management settings to ensure they remain robust in light of international developments.

Anti-Money Laundering

US Judge Splits Bankman-Fried Charges into Two Separate Trials

By Manesh Samtani | 16/06/2023

Extradition from the Bahamas was agreed to based on only eight charges, not the full 13 charges Sam Bankman-Fried now faces.

Anti-Money Laundering

India to Bring Lawyers Under AML Regime – Report

By Editors | 16/06/2023

Lawyers have reportedly expressed concerns that the plan would have an adverse impact on client attorney privilege.

Anti-Money Laundering

HK Customs Arrests 23 Men for Money Laundering via Air Travel

By Mark Johnston | 16/06/2023

HK Customs officers seized HKD 43 million and arrested 23 men for laundering HKD 720 million via air passengers.

Anti-Money Laundering

Experts Critical of FATF Effectiveness in Combating Kleptocracy

By Manesh Samtani | 14/06/2023

Panellists at a high-level conference expressed concern that countries with strong connections and clout received lenient treatment from the FATF.