Financial Action Task Force

AML / KYC

Hong Kong Re-rated on Two FATF Recommendations

By Manesh Samtani | 20/02/2023

Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.

AML / KYC

The Corruption Perception Index & Australia’s Tranche 2 AML Legislation

By Julian Fenwick | 15/02/2023

Australia’s delays in passing Tranche 2 legislation compared with swift implementation in New Zealand highlights different approaches between the two countries, says Julian Fenwick.

AML / KYC

FATF Publishes Annual Report for 2021-2022

By Editors | 07/02/2023

The report sets out the achievements of the FATF under the second year of Marcus Pleyer’s Presidency.

AML / KYC

HKMA Consults on Changes to AML/CFT Guideline for Banks

By Manesh Samtani | 19/01/2023

Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.

Crypto / Digital Assets

2022: A Roaring Year for Digital Assets in Singapore

By Angela Ang | 18/01/2023

Angela Ang looks back at digital asset developments in 2022 in Singapore, and ahead to what to expect in 2023.

AML / KYC

FATF Publishes Consolidated Table of Assessment Ratings

By Editors | 15/01/2023

FATF members reportedly blocked proposals that could have more meaningfully reformed the process for adding countries to the blacklist and greylist.

AML / KYC

GCFFC Establishes APAC Regional Chapter

By Editors | 13/01/2023

The APAC Chapter is led by DBS Bank’s Debra Au and Westpac’s Jodie Arthur serving as co-chairs, and Napier’s Robin Lee serving as vice chair.

AML / KYC

Financial Crime: Threats, Challenges, and Priorities for 2023

By Manesh Samtani | 12/01/2023

RUSI’s Tom Keatinge discusses the continuing focus on fraud and scams in Asia, and work underway on asset recovery, sanctions, and environmental crime.

AML / KYC

AML Effectiveness Requires Risk Awareness, Quality Data: JFSA

By Bradley Maclean | 10/01/2023

The FSA’s Daisuke Mamba and Hiroshi Ozaki discuss the regulator’s approach to its AML/CFT inspections and recent work to develop shared AML systems for the industry.