The highest risks were identified among informal money remitters, real estate agents, banks and finance companies.
September 22, 2023For 2023 and 2024, MAS will prioritise enforcement in the digital asset ecosystem as well as regulatory compliance by asset and wealth managers.
September 20, 2023Thong Chee Kun and Gazalle Mok from Rajah & Tann Singapore tell Regulation Asia that it is crucial for real estate developers and agents to conduct regular risk assessments and AML training to identify evolving money laundering risks and techniques.
September 19, 2023The measures include the establishment of a national Anti-Scam Centre and the introduction of a ‘confirmation of payee’ account name checking service.
September 18, 2023Nepal’s AML/CFT regime has undergone significant reform since its 2011 mutual evaluation, however further legislative amendments are needed.
September 13, 2023RUSI's James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.
September 12, 2023Commissioner Summer Mersinger dissented with the orders saying the CFTC should instead be engaging with the public on these matters.
September 11, 2023The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.
September 10, 2023The joint report says comprehensive regulatory and supervisory oversight of crypto-assets should be a baseline to address macroeconomic and financial stability risks.
September 8, 2023Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.
September 6, 2023