ADVERTISEMENT
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
Chinese Police Detain Sichuan Trust Boss Over Missing Funds
By Sanday Chongo Kabange | 09/06/2021
Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
Anti-Money Laundering
AUSTRAC Launches Fresh Probes into Australian Casinos
By Ranamita Chakraborty | 07/06/2021
AUSTRAC has launched enforcement investigations into Crown Perth, The Star Sydney and SkyCity Adeliade over their dealings with high-risk customers and PEPs.
Anti-Money Laundering
Japan FSA Sets Hard Deadline for Full AML/CFT Compliance
By Editors | 07/06/2021
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
Anti-Money Laundering
AUSTRAC Launches Formal Probe into NAB Over AML Breaches
By Sanday Chongo Kabange | 07/06/2021
AUSTRAC said it is not considering civil penalty proceedings at this stage, a decision made based on the work undertaken by NAB to date.
Cryptocurrency
FSC Korea Meets Crypto Exchanges Over Regulatory Reforms
By Sanday Chongo Kabange | 07/06/2021
The meeting focused on the operational difficulties faced by firms as they try to meet new regulatory requirements by a 24 September deadline.
Anti-Money Laundering
AUSTRAC Publishes Guidance on Detecting Cuckoo Smurfing
By Manesh Samtani | 07/06/2021
The guidance offers indicators to help financial services firms identify and report suspicious transactions related to cuckoo smurfing.
Anti-Money Laundering
BSP Orders Banks to Enhance STR Filing Processes
By Editors | 07/06/2021
Incorrect STR filings, as identified by the AMLC in a recent review, could downplay the risk and prioritisation of STRs, particularly when they involve high-risk crimes.
Fraud, Scams & Cybercrime
US DOJ Forms Ransomware and Digital Extortion Task Force
By Editors | 06/06/2021
The task force will be used to coordinate efforts to combat ransomware attacks, which will now be treated with the severity of terrorism threats.
Anti-Money Laundering
HK Customs Arrests Two for Laundering $5.6 Million
By Editors | 06/06/2021
Two people were arrested for using personal bank accounts to receive payments from the sale of counterfeit goods and launder money.
Cryptocurrency
Hong Kong’s Proposed Licensing Regime for VASPs
By Michael P Wong | 06/06/2021
Dechert partner Michael Wong looks at the potential impact of Hong Kong’s newly proposed licensing regime for virtual asset service providers.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.