All posts tagged "CFT"
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254AML / KYCUS Treasury Outlines Plans to Combat Illicit Finance
Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
May 18, 2022 -
723AML / KYCMAS Issues Guidance on Uplifting Name Screening Systems
MAS observed an overreliance on system vendors to set the screening parameters. Most FIs did not enquire about or assess vendors' information sources.
April 30, 2022 -
585AML / KYCMAS Offers Update on Major Ongoing Investigations
MAS' latest enforcement report includes a new section providing updates on cases relating to Noble Group, Hyflux, Eagle Hospitality Trust, and Hui Xun Asset Management.
April 29, 2022 -
495FeatureHKMA Consults on CBDC Policy and Design Choices
The paper says e-HKD could bring could present challenges to Hong Kong’s currency and financial stability, as well as the city’s role as an international financial centre.
April 28, 2022 -
397AML / KYCHong Kong to Propose Regulatory Regime for Crowdfunding
The government will issue a consultation this year proposing a licensing or registration requirement for crowdfunding platforms in Hong Kong.
April 20, 2022 -
372AML / KYCPhilippine NPO Sector Rated as Medium Risk for Terrorist Financing
The SEC warns that suspected or actual misuse of the NPO sector for terrorism financing can present serious ramifications for an NPO's intended beneficiaries.
April 12, 2022 -
407EuropeEuropean Commission Launches Targeted Consultation on Digital Euro
The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.
April 8, 2022 -
556AML / KYCUS, German Authorities Target World’s Largest Darknet Market
OFAC has sanctioned Russia-based website Hydra Market and crypto exchange Garantex for facilitating transactions for ransomware actors.
April 8, 2022 -
896AML / KYC
Singapore Tightens Laws on Technology Risk, Crypto Assets
FIs would face penalties over SGD 1 million for breaching TRM requirements. VASPs will have to be licensed to offer services in Singapore.
April 6, 2022 -
478AML / KYCAustralia a ‘Laggard on the World Stage’, Senate AML Inquiry Finds
Senate committee warns that the government's failure to bring lawyers, accountants and real estate professionals into the AML/CFT regime is harming Australians.
April 1, 2022
