Anti-Money Laundering

Emerging Prudential Risks

FSC Korea Sets Out Work Programme for 2022

By Mark Johnston | 29/12/2021

The work plan focuses on measures to maintain financial stability, reduce debt risks, promote financial innovation, and enhance the FSC’s rules on network security.

Anti-Money Laundering

PBOC Set to Establish Beneficial Ownership Register

By Manesh Samtani | 27/12/2021

Companies, partnerships, and branches of foreign companies will have until 1 March 2023 to file their beneficial ownership information.

Market Abuse

US Authorities Criminally Convict NatWest on Spoofing Charges

By Editors | 24/12/2021

NatWest traders engaged in schemes to defraud in connection with spoof orders designed to profit from manipulation of the US Treasury securities and futures markets, the DOJ said.

Anti-Money Laundering

KoFIU Completes Initial Review of VASP Business Registrations

By Mark Johnston | 24/12/2021

In all, 29 VASPs have been approved out of a total 42 that filed for registration by the 24 September deadline. Decisions on five entities are still pending.

Anti-Money Laundering

Regulation Asia: Top 20 News Stories for 2021

By Editors | 23/12/2021

This list presents the most-read new stories published by Regulation Asia in 2021, based on aggregated user traffic analytics.

Anti-Money Laundering

Regulation Asia: Top Ten Contributed Articles for 2021

By Editors | 23/12/2021

This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.

Fraud, Scams & Cybercrime

BSP Identifies Other Banks, Non-banks Involved in BDO Hack

By Editors | 23/12/2021

A BSP task force will submit recommendations to the Monetary Board by mid-January 2022, which may include sanctions and penalties for the involved banks.

Anti-Money Laundering

EBA Issues New Guidelines, Technical Standards for AML/CFT

By Sanday Chongo Kabange | 23/12/2021

The guidelines cover supervisory cooperation and risk-based supervision of banks. New draft RTS are published for a new EU-wide database known as EuReCa.

Anti-Money Laundering

HKMA Fines ePaylinks Technology for AML/CTF Breaches

By Editors | 20/12/2021

SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.