ADVERTISEMENT
Anti-Money Laundering
FATF Concludes Second Plenary Under German Presidency
By Manesh Samtani | 26/02/2021
The FATF has finalised guidance on risk-based supervision, terrorist financing, and arms trafficking, as well as draft guidance on proliferation financing, and virtual assets.
Anti-Money Laundering
FSC Korea Proposes Additional Rule Changes for VASPs
By Editors | 18/02/2021
The changes add to revisions proposed in November to align requirements for VASPs with the FATF recommendations.
Anti-Money Laundering
BSP Adopts New AML/CFT Risk Assessment Framework
By Ranamita Chakraborty | 18/02/2021
The new framework will use a four-point rating scale to grade FIs based on their inherent risks, risk management capabilities and self-assessment systems.
Cryptocurrency
Hong Kong: GDF Warns Against Restricting Retail Investment in Crypto
By Manesh Samtani | 16/02/2021
The November FSTB proposal to only allow VASPs to offer services to professional investors could prompt retail investors to move to unlicensed platforms, GDF says.
PEPs & Sanctions
RBI Limits Investment in NBFCs from FATF Non-compliant Jurisdictions
By Editors | 15/02/2021
Investors from black-listed or grey-listed FATF jurisdictions will not be allowed to acquire ‘significant influence’ in NBFCs, the RBI said.
Anti-Money Laundering
Philippine SEC Tightens Rules on Beneficial Ownership of Shares
By Ranamita Chakraborty | 09/02/2021
New guidelines will require the disclosure of the identity of the beneficial owners of shares and prohibit the issuance of bearer shares.
Anti-Money Laundering
Philippines Enacts AML Amendments to Avoid FATF Grey List
By Ranamita Chakraborty | 04/02/2021
Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.
KYC & CDD
How Financial Institutions View Digital Identity: Survey
By Editors | 01/02/2021
RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.
Custody & Infrastructure
BSP Updates VASP Rules to Align with FATF Requirements
By Editors | 28/01/2021
The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.
Trade Based Money Laundering
Fighting TBML to Sustain a Post-pandemic Recovery in APAC
By Claus Christensen | 27/01/2021
As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.