Anti-Money Laundering

Anti-Money Laundering

HKMA to Scale Up AML Efforts in 2023: Carmen Chu

By Bradley Maclean | 04/01/2023

Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

Anti-Money Laundering

Dutch Banks Start Charging Customers for AML Checks

By Editors | 04/01/2023

Companies, associations, charities and churches, among others, are being charged a monthly levy to cover the rising cost of AML checks.

Fraud, Scams & Cybercrime

US Court Sets October Date for Bankman-Fried Trial

By Manesh Samtani | 04/01/2023

Bankman-Fried pleaded not guilty to all eight charges against him. The court set a 2 October 2023 date for trial, which is expected to last about four weeks.

KYC & CDD

Isle of Man, Guernsey, Jersey Pause Work on UBO Registers

By Editors | 30/12/2022

Further legal advice is needed following the November judgment by the EU Court of Justice, which found public access to UBO information interferes with the right to privacy.

Anti-Money Laundering

SFC to Collect More Granular Data from Licenced Firms

By Manesh Samtani | 30/12/2022

Many of the new questions in the SFC’s updated BRMQ focus on AML/CFT practices and brokerage business controls.

Anti-Money Laundering

Regulation Asia: Top Ten Contributed Articles for 2022

By Editors | 28/12/2022

This list presents the most-read contributed articles published by Regulation Asia in 2022, based on aggregated user traffic analytics.

Fraud, Scams & Cybercrime

How Law Enforcement Can Take Action Against Crypto Crime

By Gurvais Grigg | 23/12/2022

Blockchain analysis tools and appropriate training can help exchanges, law enforcement, and other stakeholders recover victim funds, says Gurvais Grigg.

Fraud, Scams & Cybercrime

FTX, Alameda Execs Plead Guilty to US Fraud Charges

By Manesh Samtani | 23/12/2022

Caroline Ellison and Gary Wang are cooperating with the investigation into FTX, Alameda and Sam Bankman-Fried, who has been extradited to the US.

Anti-Money Laundering

Head of German FIU Resigns Over Secret SAR Backlog – Report

By Editors | 22/12/2022

The German FIU was sitting on more than 100,000 unprocessed SARs which it did not disclose to the FATF during its mutual evaluation.