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PEPs & Sanctions
Screening Financial Instruments for Investment-related Sanctions Risk
By Manesh Samtani | 26/08/2021
Refinitiv identified over 190,000 financial instruments relevant to the US investment ban against Non-SDN Chinese Military-Industrial Complex Companies as of 28 July.
Anti-Money Laundering
GCFFC Calls for Action on Beneficial Ownership Data
By Manesh Samtani | 26/08/2021
Beneficial ownership data should be structured and interoperable, collated in a central register, and accessible to all actors fighting financial crime.
Fraud, Scams & Cybercrime
Taiwan FSC Tightens Rules to Prevent Thefts of Client Money
By Sanday Chongo Kabange | 26/08/2021
Banks have until 1 January to comply with the new rules, which seek to prevent the theft of client money by customer relationship managers.
Anti-Money Laundering
APG Releases 2021 Typologies Report, Case Studies
By Editors | 26/08/2021
The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.
Fraud, Scams & Cybercrime
Indian Police Arrest Karvy Stock Broking Founder for Fraud
By Editors | 25/08/2021
The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.
Cryptocurrency
Japan: Crypto Firm Liquid Resumes Services Following $97m Hack
By Editors | 25/08/2021
Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.
PEPs & Sanctions
Adoption of Anti-Sanctions Law in Hong Kong Deferred – Reports
By Sanday Chongo Kabange | 25/08/2021
Hong Kong’s delegate to the NPC Standing Committee Tam Yiu-chung says the vote was delayed pending further study.
Fraud, Scams & Cybercrime
Singapore Police Charges Ex-UOB Banker Over Data Disclosure
By Editors | 25/08/2021
The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.
CBDCs
The Role of Digital ID in Advancing CBDC Initiatives
By Claus Christensen | 24/08/2021
The presence of digital ID infrastructure can influence the design and roll-out of CBDC initiatives, writes Claus Christensen.
Anti-Money Laundering
Upbit Becomes First Crypto Exchange to Register With KoFIU
By Editors | 24/08/2021
Upbit has a partnership with K-bank for real-name verification. One or two more exchanges are expected to register by end-August.
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