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Enforcement
Billionaire’s Arrest Signals China’s Intent to End Cross-Border Gambling
By Darien Choong | 05/12/2021
Suncity Group’s Alvin Chau allegedly operated a gambling syndicate that used Macau as a base for an illegal “live web betting platform” in the Philippines, targetting customers in mainland China.
AML / KYC
EU Due Diligence Initiative Back in Focus After Delays
By ESG Investor | 01/12/2021
Much-postponed proposal now expected in December, following the unveiling of EU deforestation supply chain due diligence measures.
AML / KYC
Environmental Crime, A Global Security Issue
By Manesh Samtani | 01/12/2021
Interpol’s Rory Corcoran says environmental crime is funding global terrorism and organised crime, while also impacting the sustainability agenda.
AML / KYC
Police Arrest 1,000 in Interpol Operation Targeting Online Fraud
By Ranamita Chakraborty | 01/12/2021
The operation was used to test a new worldwide stop-payment mechanism which Interpol plans to fully embed in police communication channels next year.
AML / KYC
AUSTRAC to Update Guidance on Reporting Cash Transactions
By Editors | 30/11/2021
A TTR will be required for each individual cash transaction of A$10,000 or more. Reporting entities will not need to combine transactions when submitting TTRs.
AML / KYC
HK ICAC Arrests Nine in Corruption Probe Involving Macau Firm
By Editors | 30/11/2021
CPAs and audit staff are suspected of accepting bribes to compile a false accountants’ report that was submitted to HKEX for a main board listing.
AML / KYC
SFC Issues Technical Guidance for New Reporting Regime
By Editors | 28/11/2021
A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.
AML / KYC
Australia Introduces Sanctions Reform Bill to Parliament
By Manesh Samtani | 28/11/2021
The bill allows targeted sanctions to be imposed to address themes such as gross human rights violations, malicious cyber activity and serious corruption.
AML / KYC
SEC Thailand Proposes Regulations to Ban Privacy Coins
By Editors | 28/11/2021
The proposed ban is aimed at preventing the misuse of digital assets as a tool to commit crime, the SEC said.
AML / KYC
Taiwan FSC Increases Limits on Digital Deposit Accounts
By Darien Choong | 24/11/2021
The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.
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