Financial Action Task Force

AML / KYC

HKMA to Scale Up AML Efforts in 2023: Carmen Chu

By Bradley Maclean | 04/01/2023

Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

Press Release

Regulation Asia: Top 20 News Stories for 2022

By Editors | 28/12/2022

This list presents the most-read new stories published by Regulation Asia in 2022, based on aggregated user traffic analytics.

AML / KYC

Head of German FIU Resigns Over Secret SAR Backlog – Report

By Editors | 22/12/2022

The German FIU was sitting on more than 100,000 unprocessed SARs which it did not disclose to the FATF during its mutual evaluation.

AML / KYC

IDAXA to Develop Global AML Standards for Crypto Industry

By Editors | 20/12/2022

IDAXA has launched a new working group, chaired by former policymaker Andrew Churchill, to propose globally harmonised AML/CFT standards for virtual asset service providers and regulators.

AML / KYC

Weak Environmental Crimes Law a Risk to Investors

By ESG Investor | 19/12/2022

European Council’s position on the revised Environmental Crime Directive will damage portfolios as well as the environment, says WWF.

AML / KYC

AUSTRAC Releases First Proliferation Financing Risk Assessment

By Manesh Samtani | 15/12/2022

Australia is vulnerable due to lack of reporting requirements for DNFBPs and poor transparency of companies, trusts, and beneficial ownership.

AML / KYC

EU Council Agrees Position on AML/CFT Reform Package

By Manesh Samtani | 11/12/2022

The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.

AML / KYC

Hong Kong Legislative Council Passes AML/CTF Amendment Bill

By Manesh Samtani | 08/12/2022

New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.

AML / KYC

Japan Lawmakers Approve Revisions to Anti Financial Crime Laws

By Editors | 07/12/2022

The revisions will allow Japanese authorities to criminally punish crypto firms that do not comply with the Travel Rule.