ADVERTISEMENT
Anti-Money Laundering
Inconsistent AML Approaches Cause Cross-border Payment Frictions
By Editors | 23/10/2021
The FATF says inconsistent implementation of AML/CFT requirements increases cost, reduces speed, limits access and reduces transparency in cross-border payments.
Cryptocurrency
Australia Senate Report Proposes New Crypto Licensing Regime
By Manesh Samtani | 21/10/2021
The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
Anti-Money Laundering
FATF Keeps Pakistan on Grey List with 4 Action Items Outstanding
By Editors | 21/10/2021
Marcus Pleyer said “there is no discussion on blacklisting Pakistan” as its government has demonstrated a “clear commitment” and is cooperating with the FATF.
Anti-Money Laundering
FATF Addresses Pandora Papers With New BO Requirements
By Manesh Samtani | 21/10/2021
The FATF proposes countries be required to assess the AML/CTF risks associated with foreign-created legal persons, and take steps to manage and mitigate them.
Anti-Money Laundering
India, US Pledge to Take Stronger Action Against Financial Crime
By Editors | 20/10/2021
Indian finance minister Nirmala Sitharaman and US treasury secretary Janet Yellen also pledged to further engage on climate change.
Anti-Money Laundering
FATF Re-rates China on Six Recommendations
By Manesh Samtani | 10/10/2021
The FATF acknowledges work underway to revise China’s AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
Anti-Money Laundering
New Zealand Consults on Broad Changes to AML/CFT Act
By Manesh Samtani | 07/10/2021
Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
Cryptocurrency
Lack of Crypto Regulation Presents Financial Stability Risk: IMF
By Mark Johnston | 05/10/2021
The IMF says more coordination among national regulators is needed to ensure effective enforcement, reduce regulatory arbitrage, and enhance monitoring of the crypto ecosystem.
Anti-Money Laundering
NZ FMA Toughens Approach to AML Non-Compliance
By Manesh Samtani | 30/09/2021
The FMA’s James Greig noted a lower tolerance for AML/CFT non-compliance, given the regime has been in place for eight years.
Anti-Money Laundering
FATF Report Highlights Opportunities for Japan’s FIs
By Matthew Field | 24/09/2021
Matthew Field discusses how Japan’s FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.