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Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
Malaysia to Enhance AML Supervision of Company Secretaries, Trust Companies
By Editors | 23/08/2022
The Companies Commission of Malaysia will “take on greater responsibility” in supervising company secretaries and trust companies “in the near future”.
PEPs & Sanctions
US Concerned India is Routing Russian Oil to New York
By Editors | 22/08/2022
An Indian vessel picked up oil from a Russian tanker at sea, then brought it to an Indian port to be refined and shipped on to New York.
Anti-Bribery & Corruption
Shanghai Court Jails Tycoon Xiao Jianhua, Fines Conglomerate
By Editors | 22/08/2022
Xiao Jianhua was handed a 13-year jail term and CNY 6.5 million fine. His company, Tomorrow Holding, was fined CNY 55 billion.
Anti-Money Laundering
Wirecard-related Charges Filed in Singapore, Philippines
By Editors | 18/08/2022
The charges in Singapore are for criminal breach of trust and money laundering. A bank official in the Philippines was indicted.
Alternative Markets
SEBI Loosens Overseas Investment Rules for AIFs, VC Funds
By Editors | 18/08/2022
Alternative investment and venture capital funds can invest in overseas companies even if they do not have an ‘Indian connection’.
Supervision & Enforcement
CBIRC Fines New Times Trust, Bans Top Executives for Life
By Editors | 18/08/2022
New Times Trust, a unit of Tomorrow Group, was fined CNY 7 million. Nine former executives were warned, fined or otherwise penalised with lifetime bans.
Anti-Money Laundering
Philippine AMLC Tightens Requirements on DNFBPs
By Editors | 18/08/2022
Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.
Anti-Money Laundering
APG Issues 2022 Annual Typologies Report
By Manesh Samtani | 18/08/2022
The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.
Anti-Money Laundering
India Freezes Crypto Exchange Assets in Money Laundering Probe
By Mark Johnston | 18/08/2022
India’s Enforcement Directorate has frozen funds belonging to three crypto firms including the Indian arm of crypto lender Vauld.
Market Abuse
Korea FSS Targets Illegal Short Selling, FX Transactions
By Editors | 17/08/2022
October inspections will focus on firms with high volumes of short selling transactions. Probe into crypto-related FX transactions still underway.
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