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AML / KYC
SEC Thailand Proposes Regulations to Ban Privacy Coins
By Editors | 28/11/2021
The proposed ban is aimed at preventing the misuse of digital assets as a tool to commit crime, the SEC said.
AML / KYC
The Rising Standards of AML/CFT Compliance in Hong Kong
By Susanne Harris | 22/11/2021
Mayer Brown’s Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021.
AML / KYC
APG Re-rates Sri Lanka on One FATF Recommendation
By Editors | 11/11/2021
Sri Lanka extended its foreign exchange declaration requirements to include the full range of bearer negotiable instruments, in line with Recommendation 32.
Fintech / Regtech
Indonesia, UAE to Cooperate on Payments, Fintech, AML
By Editors | 11/11/2021
Central banks will cooperate on cross-border payments, fintech, and AML. Financial services regulators will cooperate on developing the Islamic finance industry.
AML / KYC
What Future AML Compliance Requires: A Technology Perspective
By Amber Qin | 10/11/2021
Intelligent AML solutions need to achieve a fine balance between compliance, transparency, effectiveness, and efficiency, say Amber Qin and Sophia Wu from Ant Group.
AML / KYC
India Undergoes National Risk Assessment on ML/TF Risks
By Editors | 07/11/2021
Central agencies including the RBI have been tasked with evaluating sectors that are vulnerable to ML/TF risks. India’s mutual evaluation is expected to take place around May 2022.
AML / KYC
Japan to Require Companies to Disclose Major Shareholders
By Editors | 03/11/2021
Banks will be able to ask companies to submit information about their major shareholders when opening accounts or making loans.
AML / KYC
Trust but Verify: Establishing a Client’s Source of Wealth
By Editors | 01/11/2021
The Pandora Papers provide a stark reminder of the importance of having a robust risk assessment process in place for due diligence and source of wealth checks.
AML / KYC
FATF Issues Final Updated Guidance on Virtual Assets, VASPs
By Manesh Samtani | 29/10/2021
The guidance offers clarification on the definition of VASPs, and explains how the FATF standards apply to stablecoins, P2P transactions, NFTs and DeFi.
AML / KYC
FATF Completes Phase One of Unintended Consequences Project
By Manesh Samtani | 29/10/2021
The FATF has published summary results from a stocktake to understand the unintended consequences that are occurring as a result of AML/CFT standards.
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