ADVERTISEMENT
AML / KYC
Japan to Form Cross-agency AML Team Following FATF Review
By Editors | 05/07/2021
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
AML / KYC
Indonesia, Brunei to Cooperate on AML/CTF in Payments
By Editors | 03/07/2021
The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
AML / KYC
Binance Deploys New AML Solution Amid Regulatory Pressure
By Ranamita Chakraborty | 01/07/2021
Binance has deployed a new AML compliance solution in the face of a ban in the UK and warnings from Japanese and Thai regulators.
AML / KYC
FATF Issues Report on Racially Motivated Terrorism Financing
By Manesh Samtani | 01/07/2021
Most of the funding obtained by extreme right-wing groups comes from legal sources, such as donations, membership fees, and commercial activities.
AML / KYC
FATF Issues Guidance on Mitigating Proliferation Financing Risk
By Manesh Samtani | 29/06/2021
The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
AML / KYC
Digital Identity: A Sound Model for Risk Mitigation
By Manesh Samtani | 29/06/2021
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
AML / KYC
New FATF Report Sounds Alarm Over Environmental Crime
By Manesh Samtani | 29/06/2021
The report highlights the use of trade-based fraud and shell companies by criminals to launder proceeds from environmental crime.
AML / KYC
FATF Plenary Packs Powerful Punch
By Manesh Samtani | 25/06/2021
The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.
AML / KYC
Australian Senate to Launch Inquiry into DNFBP Regulation
By Manesh Samtani | 24/06/2021
The inquiry will examine the impacts of bringing DNFBPs into scope under Australia’s AML/CTF regime, including AUSTRAC’s capacity to regulate 100,000 more entities.
AML / KYC
Philippine SEC Backs Amendments to Bank Secrecy Law
By Ranamita Chakraborty | 21/06/2021
Bank secrecy has prevented the SEC from validating information and establishing the owners of bank accounts linked to securities violations.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.