AML / KYC

    AML / KYC

    Prospects of Western–Japanese Coordination on Human Rights Sanctions

    By Sasha Erskine | 15/05/2021

    Japan will set itself apart as an active sanctioning partner in Asia and further boost the global effort to combat human rights violations, writes RUSI’s Sasha Erskine.

    AML / KYC

    Taiwan FSC Fines Citibank, DBS for AML Violations

    By Editors | 14/05/2021

    The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.

    AML / KYC

    Singapore: Former BP Director Jailed on Corruption Charges

    By Editors | 14/05/2021

    The former regional director was also ordered to pay a penalty of SGD 6.2 million and faces additional money laundering charges.

    AML / KYC

    UOB Customer Data Gets Leaked In Impersonation Scam

    By Editors | 13/05/2021

    Scammers obtained personal information of over 1,000 of UOB’s Chinese customers with Singapore accounts by deceiving a bank employee.

    AML / KYC

    Philippine SEC Rates Securities Sector for Money Laundering

    By Sanday Chongo Kabange | 12/05/2021

    The SEC found that investment houses and underwriters presented ‘medium-high’ risk, compared to ‘medium’ risk for the securities sector overall.

    AML / KYC

    MAS Consults on Proposed AML Notices for Foreign Offices, FRCs

    By Manesh Samtani | 12/05/2021

    MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.

    AML / KYC

    EBA Consults on Proposals for Central AML/CFT Database

    By Editors | 12/05/2021

    The central database will serve as an early warning tool to enable competent authorities to act before ML/TF risks crystalise and faciltiate inspections and monitoring.

    AML / KYC

    Korean Lawmakers Push for Tougher Crypto Legislation

    By Sanday Chongo Kabange | 11/05/2021

    Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.

    AML / KYC

    FMA, CLSA Premium NZ Agree Statement of Facts on AML Breaches

    By Editors | 11/05/2021

    The FMA is seeking a pecuniary penalty against CLSA Premium NZ and costs. The maximum penalty is NZD 2 million.

    AML / KYC

    Malaysia Files 22 Civil Suits to Recover 1MDB Losses

    By Manesh Samtani | 11/05/2021

    Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.

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