ADVERTISEMENT
Anti-Money Laundering
G7 Calls for Global Adoption of FATF Standards on VASPs
By Editors | 16/10/2020
Effective implementation of the FATF Standards, including the ‘travel rule’, is needed to combat a recent surge in ransomware attacks.
Emerging Prudential Risks
G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
By Manesh Samtani | 14/10/2020
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
Anti-Money Laundering
FATF Upgrades China on Three Recommendations in Follow-up
By Manesh Samtani | 01/10/2020
This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China’s prohibition on virtual asset activities.
Cryptocurrency
BSP Set to Issue Revised Rules on Virtual Assets
By Sanday Chongo Kabange | 30/09/2020
The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.
Anti-Money Laundering
Crypto Industry Responds to FATF Red Flag Report
By Nathan Smale | 28/09/2020
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
Anti-Money Laundering
Pakistan Passes Three More FATF-related Bills
By Editors | 22/09/2020
A joint parliamentary session was convened after the three bills were rejected by the Senate last month. FATF is set to assess Pakistan’s progress next month.
Anti-Money Laundering
MAS ‘Closely Studying’ Singapore Mentions in FinCEN Files
By Editors | 21/09/2020
The SARs contained in the FinCEN Files flagged 1,781 transactions that flowed through Singapore as potentially suspicious.
Anti-Money Laundering
SFC Revises AML/CFT Guidelines for Securities Sector
By Manesh Samtani | 20/09/2020
The proposed amendments seek to align the SFC’s guidelines with the FATF guidance for adopting a risk-based approach in the securities sector.
Anti-Money Laundering
FATF Details Virtual Asset Red Flags for Detecting Criminal Activity
By Editors | 15/09/2020
This report will help VASPs, FIs, DNFBPs, and other reporting entities detect and report suspicious transactions, and national authorities detect criminal activity.
Trade Based Money Laundering
Trade-based Money Laundering: Avoiding Murky Waters
By Jamil Ahmed | 31/08/2020
HSBC Singapore’s Jamil Ahmed calls for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering risks.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.