ADVERTISEMENT
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
FinCEN Consults on Beneficial Ownership Reporting Requirement
By Editors | 08/04/2021
FinCEN is asking for written comments on the implementation of the beneficial ownership information reporting of the Corporate Transparency Act.
Anti-Money Laundering
Japan Crypto Industry to Adopt Travel Rule by April 2022
By Sanday Chongo Kabange | 07/04/2021
The FSA has written to the JVCEA advising it to start preparing for the implementation of the travel rule in Japan’s crypto industry.
Anti-Money Laundering
Australia Lags Regional Peers on DNFBP Regulation: Report
By Manesh Samtani | 03/04/2021
Australia is sending a message to financial criminals around the world that its lawyers, accountants and property market are open for business.
KYC & CDD
Hong Kong to Allow Companies to Conceal Director Identities
By Manesh Samtani | 03/04/2021
The proposal will hamper the ability of investors, banks, property agents, researchers and journalists to carry out due diligence on transactions and counterparties.
KYC & CDD
China Issues Draft Rules on Beneficial Ownership Identification
By Editors | 03/04/2021
FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.
Fraud, Scams & Cybercrime
SG Police Investigate Over 300 Individuals in Cases of Scams
By Editors | 31/03/2021
The suspects are being investigated for the offences of cheating, money laundering or providing payment services without a licence.
Anti-Money Laundering
AUSTRAC Publishes Regulatory Guides on Strengthen AML Controls
By Editors | 31/03/2021
The regulatory gives cover governance, risk assessments, customer due diligence, IFTIs reporting, and correspondent banking relationships.
Anti-Money Laundering
China Regulators to Punish Property Speculators for Loan Misuse
By Sanday Chongo Kabange | 29/03/2021
Banks are instructed to identify borrowers misusing business loans for property speculation. A nationwide regulatory inspection will run until 31 May.
Anti-Money Laundering
MAS Offers New AML/CFT Guidance for VASPs
By Editors | 28/03/2021
MAS has identified several VASPs that have not come forward for licensing despite operating in Singapore or soliciting business from Singapore residents.
Anti-Money Laundering
First North Korean Set to Face US Money Laundering Charges
By Manesh Samtani | 24/03/2021
Extradited to the US two years after his arrest in Malaysia, the North Korean national will face charges for money laundering, evading sanctions, and defrauding banks.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.