The highest risks were identified among informal money remitters, real estate agents, banks and finance companies.
September 22, 2023Hong Kong and Mainland officials called for greater cross-border cooperation between law enforcement agencies to deal with cybercrime threats.
September 20, 2023Ravin Kaur, Senior Policy Advisor, AML/CFT Expert at Companies Commission of Malaysia, spoke at Regulation Asia’s Fraud & Financial Crime Asia 2023 event on 13 July. At the sidelines of the event, she shared how shell companies are being exploited...
September 20, 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, 2023RUSI's James Gillespie discusses what the Tornado Cash case means for holding DeFi platforms accountable under AML and sanctions laws.
September 12, 2023The founder of Thodex and his two siblings were sentenced for fraud, money laundering and leading a criminal organisation.
September 9, 2023Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.
September 6, 2023The FSS said management awareness of AML work within electronic financial businesses is low; internal controls and risk assessments are deficient.
September 6, 2023