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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
Europol Outlines Different Ways Criminals Use Cryptocurrency
By Sanday Chongo Kabange | 29/01/2022
A new Europol report highlights that the illicit use of crypto includes “all types of crime that require transfers of monetary value”.
Anti-Money Laundering
Taiwan FSC Identifies Crypto ATMs Breaching AML Rules
By Editors | 28/01/2022
Of 16 companies that have reported their AML compliance to the FSC, 13 will be required to make corrections.
Tokenisation
Will 2022 Be the Year of NFT Regulation?
By Javier Tamashiro | 27/01/2022
The jury is still out on how the NFT arena will be regulated, but marketplaces should still be applying a baseline standard of compliance practice, says Javier Tamashiro.
Fraud, Scams & Cybercrime
HK ICAC Charges Three Ex-StanChart Employees For Fraud
By Editors | 27/01/2022
The former relationship managers were among five individuals indicted for conspiring to deceive Japanese investors with false documents.
Anti-Money Laundering
PBOC Finalises CDD Rules, Launches Nationwide AML Campaign
By Manesh Samtani | 27/01/2022
New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.
Fraud, Scams & Cybercrime
Faster Transactions Impeding Scam Loss Recoveries: HK Police
By Sanday Chongo Kabange | 27/01/2022
Online banking, electronic payment services and cryptocurrency wallets have made it more difficult to recover scam proceeds.
Fraud, Scams & Cybercrime
COSMIC Will Yield Significant and Far Reaching Benefits
By Jamil Ahmed | 26/01/2022
Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.
Anti-Money Laundering
‘Focus on Fundamentals’ Could be Financial Crime Achilles Heel
By Bradley Maclean | 26/01/2022
New research suggests more meaningful financial crime prevention may be achieved with targeted investments in higher risk areas.
Anti-Money Laundering
FinCEN to Allow FIs to Share SARs with Foreign Affiliates
By Editors | 25/01/2022
A limited-duration pilot programme would permit FIs to share SARs and information related to SARs with foreign branches, subsidiaries, and affiliates.
Payments & Settlements
Singapore, Indonesia to Deepen Cooperation on Payments, AML
By Editors | 22/01/2022
MAS and Bank Indonesia will deepen cooperation on payments innovation, monetary policy, macroprudential policy, financial stability, and AML/CFT.
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