AML / KYC

AML / KYC

HKMA Launches New Initiative to Prevent Credit Card Fraud

By Editors | 30/06/2023

All of Hong Kong’s card issuing banks, as well as 15 major merchants, commit not sending customers text messages with embedded hyperlinks.

AML / KYC

NZ Court Fines Tiger Brokers for AML Failures

By Sanday Chongo Kabange | 30/06/2023

Tiger Brokers ordered to pay NZD 900,000 penalty for multiple AML/CFT breaches between April 2019 and January 2020.

AML / KYC

Australia Commits to Taking Action to Address Debanking

By Sanday Chongo Kabange | 29/06/2023

Treasury will work with APRA and the four major banks to design and scope a voluntary data collection on de-banking.

AML / KYC

SEBI Approves Shorter IPO Timeline, New FPI Disclosures

By Editors | 29/06/2023

IPOs can list within three days instead of the current six days. FPIs will have to disclose additional information on ownership and control.

AML / KYC

Australia Set to Launch National Anti-Corruption Commission

By Sanday Chongo Kabange | 28/06/2023

The National Anti-Corruption Commission will commence operations on 1 July, with powers to investigate corrupt conduct.

Crypto / Digital Assets

FATF Publishes Update on VA, VASPs Standards Implementation

By Jill Wong | 28/06/2023

The latest FATF review on country compliance finds that markets are continuing to struggle with FATF requirements to regulate virtual asset service providers.

AML / KYC

AUSTRAC Issues New Guidance to Address Debanking

By Sanday Chongo Kabange | 28/06/2023

AUSTRAC discourages the “indiscriminate and widespread closure of accounts across entire industries”.

AML / KYC

AUSTRAC Developing New National Risk Assessments

By Sanday Chongo Kabange | 27/06/2023

AUSTRAC to develop national risk assessment on terrorism financing by late 2023, and on money laundering by early 2024.

AML / KYC

Russia Identified as “High Risk” Jurisdiction in New Report

By Manesh Samtani | 27/06/2023

AML think tank Themis says the threat Russia poses to the integrity of the global financial system has been increasing.