Financial Action Task Force

    Anti-Money Laundering

    FATF, INTERPOL to Ramp Up Global Asset Recovery Efforts

    By Editors | 13/09/2022

    The FATF and INTERPOL will work to improve international efforts to freeze, seize and confiscate criminal assets including by enhancing cooperation frameworks and available tools.

    Anti-Money Laundering

    BSP Calls for ‘Limited Amendment’ to Bank Secrecy Law

    By Editors | 27/08/2022

    BSP senior assistant governor Elmore Capule told a Senate Committee the BSP is looking for a “limited relaxation of the bank secrecy laws”.

    Anti-Money Laundering

    Germany to Form New Federal Authority for Financial Crime

    By Editors | 26/08/2022

    Germany currently has more than 300 supervisors, an issue highlighted by the FATF in its latest mutual evaluation report on the country.

    Alternative Markets

    SEBI Loosens Overseas Investment Rules for AIFs, VC Funds

    By Editors | 18/08/2022

    Alternative investment and venture capital funds can invest in overseas companies even if they do not have an ‘Indian connection’.

    Anti-Money Laundering

    Philippine AMLC Tightens Requirements on DNFBPs

    By Editors | 18/08/2022

    Updated AML/CFT guidelines require DNFBPs to submit proof that their proprietors, partners, directors and principal officers have attended an AML seminar.

    Anti-Money Laundering

    APG Issues 2022 Annual Typologies Report

    By Manesh Samtani | 18/08/2022

    The report calls for a shift towards characterising Illegal fishing as a predicate crime type for money laundering, to trigger a more effective AML/CFT response.

    Payments & Settlements

    FSB Gives Full Support to Wide LEI Use in Global Payments

    By Clare Rowley | 09/08/2022

    The FSB’s recommendation that the LEI should be used more widely in payments will catalyze increased global LEI adoption, says GLEIF’s Clare Rowley.

    Anti-Money Laundering

    FATF Issues Final AML Guidance for Real Estate Sector

    By Editors | 27/07/2022

    The guidance sets out the primary risks for the real estate sector and the measures needed to take adequately mitigate these risks.

    Anti-Money Laundering

    FATF Offers Guidance on Private Sector Information Sharing

    By Editors | 25/07/2022

    The report features information sharing case studies from the UK, Singapore, Netherlands, the US, Estonia, and Germany.

    PEPs & Sanctions

    How North Korean Cryptocurrency Abuse Is Expanding

    By Sasha Erskine | 18/07/2022

    Countries must secure new and emerging gateways that are used to circumvent sanctions, as North Korea’s exploitation of cryptocurrency continues.

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