Witnesses criticised FinCEN for introducing overly complex rules and failing to account for the reporting burden on small businesses.
July 19, 2023A government minister and a prominent property tycoon were arrested and released on bail last week.
July 18, 2023Australia's delays in passing Tranche 2 legislation compared with swift implementation in New Zealand highlights different approaches between the two countries, says Julian Fenwick.
February 16, 2023Recommendations include the use of education campaigns, inter-agency task forces, beneficial ownership registries, and new technologies to assess trade pricing.
February 7, 2023Asia Pacific scored above the global average. New Zealand, Singapore, Hong Kong, Australia and Japan ranked in the top twenty.
February 3, 2023Luxembourg, Netherlands, Belgium, Austria and Malta have closed public access to their beneficial ownership registers following an EU Court of Justice ruling.
November 28, 2022The Bangladesh government plans to allow laundered funds to be repatriated without penalty to boost its foreign exchange reserves.
June 1, 2022The police, rather than the anti-corruption commission, are investigating Datuk Tawfiq Ayman and his alleged involvement in 1MDB.
March 4, 2022Countries should 'name and shame' companies with highly complex ownership structures and consider forcing 'too complex to fail' companies to simplify.
February 22, 2022Japan will set itself apart as an active sanctioning partner in Asia and further boost the global effort to combat human rights violations, writes RUSI's Sasha Erskine.
May 15, 2021