Anti-Money Laundering

Anti-Money Laundering

Prosecutors Emboldened; Banks Under Pressure

By Peter Guy | 25/07/2016

Legal actions against 1MDB and HSBC open up a new era of aggressive action by prosecutors.

Anti-Money Laundering

MAS Details 1MDB Investigations

By Samuel Riding | 22/07/2016

Quintet of banks and one remittance agent have been under investigation.

Anti-Money Laundering

Indonesia Tax Amnesty Begins

By Samuel Riding | 18/07/2016

Government begins amnesty despite judicial review; expected to raise billions of dollars.

KYC & CDD

Singapore Kicks Off CRS Consultation

By Samuel Riding | 12/07/2016

Trio of regulators pave way for introduction of the Standard by 2018.

KYC & CDD

SEBI Tightens P-Note KYC

By Samuel Riding | 12/07/2016

Offshore derivative instruments have allegedly been misused for round-tripping funds

KYC & CDD

Boost Controls, Transparency to Avoid De-risking – SWIFT

By Samuel Riding | 06/07/2016

Study says de-risking in correspondent banking can force individuals to even riskier, poorly regulated channels.

Anti-Money Laundering

Philippines Set to Close Casino Money Laundering Loophole

By Samuel Riding | 06/07/2016

Bill proposes to amend 2001 Anti-Money Laundering Act which excluded casino operators, junkets.

Anti-Money Laundering

SAFE Orders Tighter Checks on Outbound Investment

By Samuel Riding | 29/06/2016

Forex regulator denies media reports of changes to individual quotas, rules.

Anti-Money Laundering

FATF Keeps N.Korea on Blacklist, Suspends Iran Measures

By Samuel Riding | 28/06/2016

Task force also notes Myanmar, Papua New Guinea commitments on AML and CTF.