Anti-Money Laundering

Anti-Money Laundering

China Issues Draft AML Rules for Law Firms for Consultation

By Manesh Samtani | 15/04/2025

Among other things, the draft regulations require law firms to establish internal controls, conduct risk assessments, perform CDD, preserve records, and submit STRs.

Anti-Money Laundering

Shedding Light on HSBC’s Use of Machine Learning in Transaction Monitoring

By Manesh Samtani | 14/04/2025

Olivier Franses talks to Regulation Asia about HSBC’s use of machine learning in transaction monitoring, the challenges of implementation, and the resulting benefits.

Cryptocurrency

US Authorities End ‘Regulation by Prosecution’ for Digital Assets

By Manesh Samtani | 14/04/2025

The SEC is considering introducing an exemptive relief framework that allows crypto firms to operate until federal regulations are in place.

Anti-Money Laundering

HKMA Announces New Measures to Combat Financial Crime

By Sanday Chongo Kabange | 11/04/2025

HKMA, HKPF and HKAB have jointly announced new measures to strengthen the response to fraud and money laundering.

Trade Based Money Laundering

Forest Crimes Fuel Wider Criminal Economies – UNODC Report

By Thisanka Siripala | 10/04/2025

A new UNODC report says illegal logging supply chains are increasingly infiltrated by actors from other organised criminal markets.

Anti-Money Laundering

Singapore to Tighten AML Rules for Real Estate Sector

By Nithya Subramanian | 09/04/2025

A new bill proposes stronger penalties for AML compliance failures by real estate professionals and developers, among other measures.

Supervision & Enforcement

China Issues Rules on Handling Criminal Cases Involving Banks, Insurers

By Editors | 09/04/2025

The regulations outline requirements for financial regulators and public security agencies handling criminal cases involving the banking and insurance industries.

Anti-Money Laundering

MAS Proposes Amendments to AML/CFT Rules for FIs and VCCs

By Nithya Subramanian | 09/04/2025

MAS proposes the explicit inclusion of PF in the AML/CFT framework, stricter STR filing timelines, and enhanced transparency requirements for trusts.

Anti-Money Laundering

Nepal Reveals Surge in Transaction Reporting as it Battles FATF Greylist

By Nathan Lynch | 09/04/2025

Nepal’s efforts to combat financial crime have led to an increase in STR filings, led by banks but also including DNFBPs.