Anti-Money Laundering

Anti-Money Laundering

US Issues ML, Financial Crimes Report

By Samuel Riding | 07/03/2017

Institutions in 3 Asian countries said to deal in proceeds from drug trafficking that ‘significantly affects’ US.

KYC & CDD

Indonesia to Issue CSR Circular by end-March

By Samuel Riding | 06/03/2017

Circular will be followed in May by ‘regulation in lieu of law’ to scrap banking secrecy.

Anti-Money Laundering

Australia Launches Public-Private AML/CTF Group

By Samuel Riding | 06/03/2017

Fintel Alliance studying Panama Papers, investigating money laundering ‘mules’; to develop training course.

Anti-Money Laundering

RBI Tracks Cancelled Notes to Nepal

By Samuel Riding | 03/03/2017

Officials suspect money laundering via exchange of banned notes, newspaper reports.

Anti-Money Laundering

Singapore Trusts Face Stricter Reporting Rules

By Samuel Riding | 01/03/2017

Trustees would be required to report beneficial ownership details, maintain ‘proper accounting records’.

Anti-Money Laundering

FATF Revises CTF Methodology

By Samuel Riding | 27/02/2017

Activities including natural resources trade included in definition of ‘economic support’ to terrorists.

KYC & CDD

Indonesia Rushes to Complete CRS Legislation

By Samuel Riding | 24/02/2017

Government considering urgent ‘regulation in lieu of law’ on banking secrecy.

Anti-Money Laundering

Pakistan Tightens AML/CTF Rules, Monitoring

By Samuel Riding | 22/02/2017

Banks, development financial institutions and micro-finance banks required to identify beneficial owners.

Anti-Money Laundering

Vietnam, Laos, Cambodia to Extend Joint Supervision

By Samuel Riding | 22/02/2017

Trio to cooperate on bank inspections, AML and personnel training.