Financial Action Task Force

AML / KYC

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

Sanctions

US to Restore “Maximum Pressure” Campaign on Iran

By Manesh Samtani | 05/02/2025

Presidential memo directs the Treasury to enforce sanctions compliance and rescind any relief provided to Iran through licences or guidance.

AML / KYC

Korea Amends CFT/CPF Law to Expand Scope to Corporations

By Nithya Subramanian | 16/01/2025

Corporations linked to individuals involved in terrorism or WMD proliferation will be subject to restrictions on financial transactions and property disposals.

AML / KYC

MAS Issues New AML/CFT Notice for Market Operators

By Nithya Subramanian | 14/01/2025

The notice targets risks that arise from non-FI direct participants, which are not subject to the same AML/CFT requirements applicable to FI direct participants

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

AUSTRAC Gains Expanded Powers Under Amended AML/CTF Act

By Sanday Chongo Kabange | 14/01/2025

Law firm Corrs Chambers Westgarth said the new powers, and the speed with which they have taken effect, could indicate that AUSTRAC will pursue individuals more actively

ESG / Sustainability

Regulation Asia: Top 10 Contributed Articles for 2024

By Editors | 05/01/2025

This list presents the most-read contributed articles published by Regulation Asia in 2024, based on aggregated user traffic.

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.

AML / KYC

PNG Agencies Launch New Anti-Money Laundering Task Force

By Editors | 31/12/2024

The task force is described as a “crucial step” in PNG’s efforts to combat financial crime and avoid being placed on the FATF’s grey list.