AML / KYC

AML / KYC

Taiwan to Release New Rules for Crypto in September

By Editors | 03/05/2023

The FSC is creating a new bureau that will be dedicated to the crypto sector, adding to its four existing bureaus.

AML / KYC

Combatting TBML Through Beneficial Ownership and Enhanced Transparency

By Jeremy Moller | 02/05/2023

Jeremy Moller discusses TBML trends, indicators, and how Australia’s proposed beneficial ownership registry could help mitigate this threat.

AML / KYC

US Court Convicts Hip Hop Artist Over Jho Low Connection

By Editors | 01/05/2023

Prosecutors said Pras Michél worked with Jho Low to influence the US government during the Obama and Trump presidencies.

AML / KYC

Singapore: 1st Phase of Financial Services and Markets Act Commences

By Editors | 01/05/2023

The first phase covers general powers over FIs, powers regarding AML/CTF, and dispute resolution schemes.

AML / KYC

CFTC Issues Largest Ever Civil Monetary Penalty

By Editors | 30/04/2023

The CFTC ordered the operator of a fraudulent multilevel marketing scheme to pay a $1.7bn penalty and a further $1.7bn in restitution.

AML / KYC

China Establishes Nationwide Property Registration System

By Editors | 30/04/2023

The new registration system will provide regulators full transparent view of real estate ownership and support their efforts to prevent systemic risks.

AML / KYC

SFC Chief Julia Leung Offers View Into 2023 Priorities

By Manesh Samtani | 29/04/2023

Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.

AML / KYC

HKMA Offers Guidance on VASP Account Opening

By Manesh Samtani | 28/04/2023

Deputy chief Arthur Yuen said the HKMA expects regulated VASPs to be able to open a bank account in Hong Kong through a reasonable process.

AML / KYC

FATF Publishes Mutual Evaluation Report on Indonesia

By Editors | 28/04/2023

Indonesia has a strong AML/CFT framework but needs to address risks in some sectors and improve investigation and prosecution. Foresty crime and terrorism financing are some of the country’s key risks.