All posts tagged "Shell Companies"
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163Hong KongHong Kong SPAC Framework to Prohibit Retail Access – Report
Hong Kong's SPAC framework will reportedly be issued for public consultation this month, proposing that only professional investors be allowed to participate.
September 13, 2021 -
249AML / KYCGCFFC Calls for Action on Beneficial Ownership Data
Beneficial ownership data should be structured and interoperable, collated in a central register, and accessible to all actors fighting financial crime.
August 26, 2021 -
297AML / KYCAPG Releases 2021 Typologies Report, Case Studies
The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.
August 26, 2021 -
10.5KAML / KYCUS Real Estate the ‘Preferred’ Money Laundering Destination: GFI
Lawyers, real estate agents, investment advisers, and bank employees have repeatedly facilitated money laundering through US real estate by HNWIs and PEPs.
August 13, 2021 -
452AML / KYCMAS Finalising New Data-sharing Platform for Banks
The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.
August 6, 2021 -
201ChinaUS SEC to Require New Disclosures from Chinese Issuers
Chinese issuers with VIE structures will have to "prominently and clearly" disclose that they face uncertainty about future actions by the Chinese government.
July 31, 2021 -
242AML / KYCSingapore Man Admits to Laundering Money in SkillsFuture Scam
A former Grab and Uber driver has admitted to playing the role of a "dummy director" of several shell companies involved in the SkillsFuture scam.
July 20, 2021 -
156AML / KYCHK Customs Arrests Four for Laundering Funds Using Tether
The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.
July 20, 2021 -
355AML / KYCMAS Proposes Additional AML/CFT Requirements for FIs
MAS proposes requirements for dealings in precious stones and metals, transactions involving digital payment tokens, and customers that may be considered higher risk shell companies.
July 13, 2021 -
173FeatureSFC Sets Out Key Priorities in Annual Report
The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.
July 3, 2021
