Anti-Money Laundering

    Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

    Anti-Money Laundering

    Australia, Indonesia, Malaysia to Hold CTF Summit

    By Editors | 16/11/2017

    Summit to include ‘codeathon’, with 80 participants demonstrating new digital tools and ideas to address the challenge of terrorist financing.

    Cryptocurrency

    India’s Highest Court Considering Petition Calling for Bitcoin Regulation

    By Garima Chitkara | 16/11/2017

    Petitioner says central bank, securities regulator refusing to take responsibility for bitcoin regulation by not defining as currency or commodity

    Anti-Money Laundering

    AUSTRAC Hails Tabcorp Fine for AML/CTF Breaches

    By Garima Chitkara | 16/11/2017

    Casino and gaming operator fined more than $34mn for a series of AML/CTF failures; AUSTRAC stresses management responsibility.

    KYC & CDD

    No Privacy in Paradise

    By Peter Guy | 13/11/2017

    Look beyond the lurid financial gossip and the Paradise Papers show how technology is opening the banking system to scrutiny.

    Anti-Money Laundering

    China to Clampdown on Money Laundering via Property Market

    By Editors | 06/11/2017

    **Developers to conduct due diligence checks on sources of funding, buyers must use their own accounts to make property purchases in AML drive.
    **

    Anti-Bribery & Corruption

    1MDB Saga Rumbles on in Singapore with Bans for Ex-Maybank, NRA Capital Staff

    By Editors | 02/11/2017

    Individuals banned for six years after conviction for 1MDB-related bribe; former representative of BSI Bank faces lifetime ban.

    KYC & CDD

    Dangers in Banks Supply Chain Facilitation

    By JP Reimann | 19/10/2017

    Why supporting supply chain activity could be a regulatory and reputational minefield for banks.

    KYC & CDD

    FIs No Longer Have to Verify Client Addresses for AML/CTF – HKMA

    By Editors | 12/10/2017

    AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.

    Cryptocurrency

    Official Media Confirms China Bitcoin Ban Only Temporary

    By Editors | 09/10/2017

    Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.

    KYC & CDD

    Standard Chartered Guernsey-Singapore Transfers Under Investigation

    By Editors | 09/10/2017

    Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

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