PPPs provide the most direct and impactful opportunity for FIs to collaborate with public sector stakeholders to identify and address financial crime risks.
June 24, 2022Some smaller cryptocurrencies are being established specifically with the motive of laundering, while larger virtual assets are seeing "heavy" manipulation.
May 11, 2022Executive director Carmen Chu says work is underway to update HKMA's guidance on name screening, transaction monitoring and suspicious transaction reporting.
April 27, 2022The advisory offers indicators to help FIs in preventing, detecting, and reporting suspicious transactions associated with kleptocracy and foreign public corruption.
April 18, 2022Market conduct risk assessments should be done at least annually, to serve as a systematic method for assessing susceptibility to misconduct and documenting mitigating actions or controls.
January 5, 2022Matthew Field discusses how Japan's FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
September 24, 2021The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.
August 26, 2021The goal is to push criminals to the margins and into the hands of non-compliant operators, where law enforcement can be deployed more effectively.
August 3, 2021The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021Slow implementation of travel rule requirements is acting as a disincentive to VASPs to invest in the necessary technology and compliance infrastructure.
July 6, 2021