All posts tagged "Money Laundering"
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268AML / KYCBSP Prepares Guidelines to Regulate Virtual Asset Service Providers
The BSP may require higher capital requirements for VASPs based on their scope, scale of operations and complexity of operations.
May 22, 2020 -
515AML / KYCCambodia Approves Draft Laws to Curb Money Laundering
The draft bills were reportedly motivated by Cambodia's placement on the FATF's 'grey-list' last year, which impacts foreign investment and the economy.
May 20, 2020 -
452AML / KYCSFC Reprimands, Fines Southwest Securities for AML/CFT Failures
The brokerage failed to implement adequate and effective policies and procedures to mitigate AML/CFT risks associated with third party deposits.
May 19, 2020 -
943AML / KYCSEBI Names Entities That Can Authenticate Aadhaar for e-KYC
Intermediaries and mutual fund distributors that want to use Aadhaar authentication services for e-KYC are required to enter into an agreement with one of the eight entities named.
May 14, 2020 -
813AML / KYCEuropean Commission Sets Out Action Plan to Root Out AML Loopholes
A single EU rulebook will minimise interpretation and implementation discrepancies across member states, and an EU-level AML/CFT body will address supervisory gaps.
May 10, 2020 -
239AML / KYCRequirement to Lodge Company Controller Data with ACRA Deferred
ACRA says the two-month deferral is the result of operational and resource constraints faced by registered filing agents, and potential difficulties obtaining consent from clients.
May 6, 2020 -
413AML / KYCFATF Offers Policy Guidance for Managing Covid-19 Related AML Risks
FATF describes the ways in which AML/CFT policy responses can help support implementation of Covid-19 response measures, while also managing new risks and vulnerabilities.
May 5, 2020 -
874AML / KYCBSP Warns of Covid-19 related Money Laundering Risks
Supervised financial institutions are encouraged to prudently leverage on technology to reinforce their controls against fraud and financial crime.
May 1, 2020 -
1.9KAML / KYCSingapore’s Financial Industry’s Role in Preventing Sanctions Evasion
Given its geographical location and reputation as a major finance and trading hub, Singapore firms need to take extra care to avoid implicating themselves in sanctioned transactions.
April 23, 2020 -
1.3KAML / KYCSingapore: Suspect Arrested in Covid-19 Money Laundering Case
Quick intervention by seven banks allowed enabled the recovery of more than 60% of the amount scammed in the fraudulent sale of surgical masks and hand sanitisers.
April 7, 2020
