KYC & CDD

    News on regulatory requirements, innovations, and challenges in customer identification, risk assessments, and due diligence processes for financial institutions.

    image

    Anti-Bribery & Corruption

    Hong Kong Court Jails Ex-BEA Manager for Bribery Offences

    By Sanday Chongo Kabange | 04/06/2024

    The former senior relationship manager accepted bribes to help intermediary companies open BEA accounts for their clients.

    image

    Anti-Money Laundering

    Japan’s AML Landscape and the Need for Effective Governance

    By Bradley Maclean | 03/06/2024

    Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.

    image

    Tokenisation

    Tokenisation Will Improve Correspondent Banking Model: BIS Paper

    By Manesh Samtani | 01/06/2024

    The next generation of correspondent banking will make “previously closed corridors economically viable once again”.

    image

    Anti-Money Laundering

    Switzerland Fines UBS for Yemen-Linked AML Failures

    By Editors | 31/05/2024

    The bank failed to perform its due diligence obligations and to report suspicious transactions linked to Yemen’s former president.

    image

    Cryptocurrency

    SFC Warns of Impending Deadline Under VATP Regime

    By Editors | 29/05/2024

    The SFC will conduct on-site inspections in the coming months to ascertain compliance by the ‘deemed-to-be-licensed’ VATP applicants.

    image

    KYC & CDD

    India Tightens Scrutiny of Foreign Beneficial Ownership

    By Ajoy K Das | 28/05/2024

    India’s Registrar of Companies has already imposed penalties on executives of Microsoft and others for violating beneficial ownership disclosure norms.

    image

    Trade Based Money Laundering

    A Radical Re-think on Combatting Trade Based Money Laundering

    By Kelvin Toh | 24/05/2024

    Kelvin Toh discusses the factors hindering current efforts to combat TBML, and what more can be done to combat this activity.

    image

    Anti-Money Laundering

    NZ Regulators Endorse New AML/CFT Supervisory Approach

    By Sanday Chongo Kabange | 22/05/2024

    The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.

    image

    Anti-Money Laundering

    Malaysia Taking Steps to Enhance AML/CFT Regime

    By Editors | 16/05/2024

    Malaysian laws are being reviewed to address “gaps and implementation issues” and “elevate beneficial ownership reporting”.

    image

    Anti-Money Laundering

    FinCEN, SEC Propose AML Rule for Investment Advisers

    By Editors | 16/05/2024

    The rule, if adopted, would require investment advisers to implement procedures for verifying the identity of each customer.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.