AML / KYC

AML / KYC

Japan to Commence Bank-to-Bank Information Sharing Trial

By Thisanka Siripala | 03/04/2025

JBA-led study group to initiate the sharing of information on criminal accounts with a small number of banks in a trial environment.

AML / KYC

AUSTRAC to Start Work on Second Draft on New AML/CTF Rules

By Sanday Chongo Kabange | 03/04/2025

AUSTRAC is reviewing over 100 submissions from last December’s consultation before releasing a second exposure draft on the new AML/CTF Rules.

AML / KYC

KoFIU Amends AML Regulations to Set Requirements for MLROs

By Nithya Subramanian | 03/04/2025

The regulatory changes aim to enhance the internal control systems of financial institutions and strengthen accountability in AML practices.

AML / KYC

AUSTRAC Develops New Digital Channel for Data-Sharing with Banks

By Sanday Chongo Kabange | 02/04/2025

The initiative was the first project under AUSTRAC’s Collaborative Analytics Hub, and resulted in the development of several dashboards to facilitate intelligence analysis.

AML / KYC

HKMA Seeking “System Reset” to Enhance Response to Financial Crime

By Manesh Samtani | 02/04/2025

HKMA to work with banks on AI adoption action plans, develop a payment data analytics solution, and support greater information sharing.

AML / KYC

The Final Countdown: Practical Steps for Meeting Australia’s ‘Tranche 2’ Deadline

By Nathan Lynch | 02/04/2025

Only an April Fool would ignore the tight deadline for compliance with Australia’s Tranche 2 anti-money laundering reforms, writes Nathan Lynch.

AML / KYC

AUSTRAC Puts Crypto ATM Providers on Notice

By Sanday Chongo Kabange | 01/04/2025

AUSTRAC said it will take action against crypto ATM providers that don’t comply with Australia’s AML regime.

AML / KYC

Hong Kong Gazettes Bill to Facilitate Financial Crime Info-Sharing

By Sanday Chongo Kabange | 01/04/2025

The bill proposes to introduce a voluntary mechanism for AIs to share information through secure HKMA-designated platforms.

AML / KYC

China Issues Draft AML Rules for Notary Offices for Consultation

By Manesh Samtani | 31/03/2025

Notary offices were brought into scope of China’s AML laws through revisions passed in November 2024.