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, 2021A 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, 2021The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.
July 20, 2021MAS 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, 2021The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.
July 3, 2021The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021The report highlights the use of trade-based fraud and shell companies by criminals to launder proceeds from environmental crime.
June 29, 2021The FATF finalised reports on technological innovation, environmental crime, and asset recovery. New guidance on PF risk and a white paper on beneficial ownership were also finalised.
June 25, 2021The communique highlights a need to tackle the misuse of shell companies and curtail the ability of illicit actors to hide wealth, including in real estate.
June 14, 2021Measures for detecting proliferation financing risk are designed to help identify sanctions evasion and uncover the beneficial owners of corporate entities.
May 19, 2021