AML / KYC

AML / KYC

Taiwan Digital Ministry Announces New Anti-Fraud Measures

By Editors | 09/09/2023

The plan targets the e-commerce, third-party payments, and electronic game industries. Lawmakers say the plan does not meet expectations.

AML / KYC

Former CBIRC Official Expelled from CCP for Corruption

By Editors | 08/09/2023

Zhang Yansen interfered in personnel arrangements of financial institutions, accepted bribes and used his influence inappropriately.

AML / KYC

UK to Designate Wagner Group as Terrorist Organisation

By Sanday Chongo Kabange | 07/09/2023

The draft order to proscribe Wagner Group is expected to pass in Parliament and come into force on 13 September.

AML / KYC

Taiwan Set to Issue New Regulatory Guidelines for Crypto Sector

By Editors | 07/09/2023

The guidelines will prohibit unregistered overseas firms from operating in and soliciting business from Taiwan.

AML / KYC

UK FCA Launches Review of Treatment of PEPs

By Editors | 07/09/2023

The FCA said it will take “prompt action” if any significant deficiencies are identified in the arrangements of any firm assessed in the review.

AML / KYC

Foreign Ownership of UK Property Still Not Transparent, Despite Reforms

By Manesh Samtani | 07/09/2023

The biggest reason for missing or inaccessible information on beneficial owners is the use of trusts, according to new research.

AML / KYC

ACRA Working on Bill to Cap Nominee Directorships – Report

By Editors | 06/09/2023

Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.

AML / KYC

FSS Inspections Find AML Deficiencies at Korean e-Payments Firms

By Editors | 06/09/2023

The FSS said management awareness of AML work within electronic financial businesses is low; internal controls and risk assessments are deficient.

AML / KYC

APG Spotlights Money Laundering Associated With Tax Crimes

By Manesh Samtani | 06/09/2023

A key and “almost universal” element of money laundering associated with tax crimes is the concealment of beneficial ownership, APG says in a new report.