ANTI-MONEY LAUNDERING OFFICE

AML / KYC

SFC Fines Arta Global Futures and Suspends Ex-Directors for AML Breaches

By Editors | 04/07/2025

The SFC has penalised Arta Global Futures and suspended two former senior executives over systemic AML and trading surveillance failures.

Crypto / Digital Assets

SFC Proposes Measures to Prevent Use of Misleading Business Names

By Sanday Chongo Kabange | 13/06/2025

SFC proposes to expand the list of restricted words and phrases that cannot be used by unlicensed firms in their business names.

AML / KYC

HKMA Issues Two Consultations on Rules for Stablecoin Issuers

By Sanday Chongo Kabange | 27/05/2025

The first consultation proposes regulatory standards for stablecoin issuers seeking authorisation. The second proposes AML/CFT requirements.

AML / KYC

Thailand Unveils Measures to Combat Digital Asset Mule Accounts

By Manesh Samtani | 15/04/2025

Digital asset businesses will be obligated to exchange information, screen, and suspend transactions or accounts linked to technology-related crimes

AML / KYC

Thailand Tightens Industry Controls Against Mule Accounts

By Nithya Subramanian | 18/03/2025

Previous regulatory measures targeting money mules have pushed fraudsters to try to exploit corporate accounts.

AML / KYC

HKAB Updates AML/CFT FAQs to Align with Revised AMLO

By Sanday Chongo Kabange | 14/01/2025

The updated FAQs align with the AMLO amendments that came into force last year and provide additional guidance on dual-use goods.

AML / KYC

Thailand Works to Address Risks of Myanmar Transactions

By Manesh Samtani | 04/01/2025

No evidence was found that transactions with Myanmar were linked to weapons purchases. A new sanctions policy has been issued.

Enforcement

HKMA Fines China CITIC Bank for Transaction Monitoring Deficiencies

By Sanday Chongo Kabange | 08/12/2024

The HKMA said 13 out of a total of 33 detection rules and two core model rules had not been implemented as intended.

AML / KYC

HKMA Fines Fubon Bank for Transaction Monitoring Lapses

By Sanday Chongo Kabange | 11/11/2024

HKMA said Fubon had deficiencies in the controls for transmission of transaction data from the core banking system to its transaction monitoring system.