Financial Action Task Force

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    PEPs & Sanctions

    FATF Must Blacklist Russia Over DPRK Partnership, Ukraine Says

    By Manesh Samtani | 24/06/2024

    RUSI’s Tom Keatinge says the FATF could damage its legitimacy if it doesn’t have a response to the strengthening of ties between Russia and North Korea.

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    Anti-Money Laundering

    Singapore Publishes Money Laundering Risk Assessment

    By Manesh Samtani | 21/06/2024

    Banking is Singapore’s highest risk sector. A key ML threat is cyber-enabled fraud, typically orchestrated by criminal syndicates located overseas.

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    Anti-Money Laundering

    RUSI Identifies Typologies of Abuse of FATF Standards

    By Manesh Samtani | 17/06/2024

    RUSI identifies five major ways the FATF standards can be weaponised by authoritarian regimes to crack down on dissent and activism.

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    Anti-Money Laundering

    Malaysia SC Issues Revised AML/CFT/CPF Guidelines

    By Editors | 17/06/2024

    The updated guidelines include requirements to identify and perform due diligence on counterparty VASPs before transmitting information to them.

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    PEPs & Sanctions

    Russia to Dirupt FATF Plenary in Singapore, Ukraine Warns

    By Editors | 12/06/2024

    Ukraine is reportedly warning that Russia will send officials to the FATF Plenary in an attempt to “contact, influence and pressure delegates”.

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    Supervision & Enforcement

    IFSCA Issues Regulatory Framework for “BATF Services” in GIFT City

    By Ajoy K Das | 11/06/2024

    The IFSCA has notified a regulatory framework for book-keeping, accounting, taxation and financial crime compliance services offered at GIFT City.

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    Fraud, Scams & Cybercrime

    GCFFC APAC Chapter Publishes First Financial Scams Report

    By Manesh Samtani | 10/06/2024

    The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.

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    Anti-Money Laundering

    Japan’s AML Landscape and the Need for Effective Governance

    By Bradley Maclean | 03/06/2024

    Former regulator and AML subject matter expert Hiroshi Ozaki discusses Japan’s financial crime threat landscape and how firms can mitigate risk through effective governance.

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    Anti-Money Laundering

    Singapore Publishes Environmental Crimes ML Risk Assessment

    By Nithya Subramanian | 30/05/2024

    Singapore is assessed to be at medium-low risk for money laundering linked to environmental crimes.

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    Trade Based Money Laundering

    A Radical Re-think on Combatting Trade Based Money Laundering

    By Kelvin Toh | 24/05/2024

    Kelvin Toh discusses the factors hindering current efforts to combat TBML, and what more can be done to combat this activity.

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