ADVERTISEMENT
AML / KYC
FATF Removes Sri Lanka from ‘Grey List’; Pakistan to Remain
By Editors | 23/10/2019
Sri Lanka has made “significant progress” to address strategic AML/CFT deficiencies; Pakistan has only largely addressed 5 of 27 action items and has failed to meet agreed deadlines.
Fintech / Regtech
G20 Finance Leaders Agree to Regulate Stablecoins
By Editors | 21/10/2019
Amid warnings from the FSB and FATF, the G20 finance leaders have agreed that no stablecoin project should commence operation until their risks are evaluated and appropriately addressed.
AML / KYC
Refocusing the AML Model on Evidence and Outcomes
By Matthew Redhead | 14/10/2019
Under the current AML model, the ultimate focus for FIs is to protect the institution and the bottom line rather than reduce money laundering, says RUSI’s Matthew Redhead.
AML / KYC
APG Publishes Final Mutual Evaluation Report for Taiwan
By Editors | 03/10/2019
Taiwan has achieved very significant progress in a short period of time, and supervisors have significantly influenced compliance in a positive way, the APG says in its mutual evaluation report.
AML / KYC
SFC Asks Licensed Firms to Bolster AML/CTF Compliance
By Editors | 09/09/2019
Following the release of the FATF mutual evaluation report for Hong Kong, the SFC has highlighted key work areas for licensed firms and their associated entities.
AML / KYC
HKMA Offers Guidance in Response to FATF Report
By Manesh Samtani | 06/09/2019
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
AML / KYC
FATF Releases Mutual Evaluation Report for Hong Kong
By Manesh Samtani | 04/09/2019
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
AML / KYC
BNM to Enforce AML Compliance at Law Firms in 2020
By Editors | 30/08/2019
BNM assistant governor Encik Adnan Zaylani Mohamad Zahid warns that enforcement action will be taken against legal professionals for AML non-compliance starting in 2020.
AML / KYC
APG: Good Progress from Taiwan; Pakistan Falls to ‘Enhanced Follow-up’
By Editors | 26/08/2019
The APG has adopted mutual evaluation reports for the Philippines, China, Hong Kong, Pakistan, Taiwan and the Solomon Islands – due to be published in October.
AML / KYC
Korea’s FIU Seeks Direct Supervision Over Crypto Exchanges
By Editors | 08/08/2019
Currently, the Financial Intelligence Unit only indirectly regulates cryptocurrency exchanges in Korea through the administrative guidance it issues for banks.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.