Anti-Money Laundering

Anti-Money Laundering

India Considering Special Panama Papers Investigation

By Samuel Riding | 10/01/2017

New investigation team would consider about 500 entities allegedly involved in offshoring controversy.

Anti-Money Laundering

Malaysia to Shut Down 1MDB

By Samuel Riding | 09/01/2017

Central bank has concluded investigations; other countries continue to probe offences.

Anti-Money Laundering

Bangladesh Warns on Use of Digital Hundi

By Samuel Riding | 06/01/2017

Intelligence report finds 15 unauthorised mobile applications used for illegal form of money transfer.

Anti-Money Laundering

Former Falcon Manager in Court on 1MDB Charges

By Samuel Riding | 06/01/2017

Jens Sturzenegger the first foreigner to be prosecuted in relation to the affair.

Anti-Money Laundering

Taiwan to Beef Up AML System Before APG Evaluation

By Samuel Riding | 05/01/2017

Move aims to avoid restrictions on Taiwan’s overseas financial institutions.

Anti-Money Laundering

India Ends Singapore CG Tax Loophole

By Samuel Riding | 04/01/2017

Investors from city-state will pay preferential rate for two years.

Anti-Money Laundering

China Tightens Transaction Reporting Rules

By Samuel Riding | 03/01/2017

Large transaction reporting threshold reduced to $7,200.

KYC & CDD

Taiwan Signs up to FATCA

By Samuel Riding | 03/01/2017

Previously only reported number of clients and total amount held in Taiwanese accounts.

Anti-Money Laundering

Pakistan Moots Demonetisation

By Samuel Riding | 23/12/2016

Move would ‘reduce illicit money inflow, and reduce the size of undocumented economy’.