AML / KYC

AML / KYC

Malaysia Records Surging Suspicious Transactions and Scams

By Ranamita Chakraborty | 31/07/2023

Bank Negara Malaysia’s deputy governor revealed that the central bank’s financial intelligence unit saw a nearly 30 percent increase in suspicious transaction reports compared to the previous year.

AML / KYC

India Arrests Four in Bribery Case, Including Ministry Officials

By Editors | 31/07/2023

CBI arrested four individuals, including three Ministry of Corporate Affairs officials, in a bribery case linked to Alok Industries.

AML / KYC

More Officials Under Probe as China Broaden’s Anti Corruption Campaign

By Editors | 31/07/2023

Beijing intensifies anti-corruption efforts, investigating a high-ranking rural banking official and expelling another four senior Communist Party officials.

AML / KYC

HKMA, SFC Offer New Guidance on Suitability Obligations

By Manesh Samtani | 30/07/2023

HKMA and SFC say intermediaries can tailor their point-of-sale procedures to the personal circumstances of sophisticated professional investors.

AML / KYC

KoFIU is Ramping Up Efforts to Combat Crypto-related Crime

By Manesh Samtani | 30/07/2023

KoFIU will strengthen inspections, impose sanctions for violations, and disclose the results of investigations to promote legal compliance.

AML / KYC

Worldcoin’s Global Launch Raises Regulatory Concerns

By Editors | 29/07/2023

UK, French and German regulators are looking into privacy concerns associated with Worldcoin’s iris-scanning data collection practices.

AML / KYC

UK Updates Guidance to Implement Travel Rule for Cryptoasset Transfers

By Editors | 29/07/2023

The proposed guidance specifies the information on originators and beneficiaries that crypto exchanges and wallet providers must send, receive and verify as part of a cryptoasset transfer.

Enforcement

Taiwan Telecoms Fined for Failing to Prevent Exploitation by Scammers

By Sanday Chongo Kabange | 28/07/2023

Taiwan Star and Strait-Telecom were fined for failing to check and verify the identities of service applicants, a breach of the Telecommunications Management Act.

AML / KYC

SEBI Mandates LEI for All Non-Individual FPIs

By Editors | 27/07/2023

SEBI is requiring foreign portfolio investors to include their LEI in registration and account opening forms.