AML / KYC

AML / KYC

Parallel Myanmar Government Recognises Tether as Official Currency

By Editors | 14/12/2021

The pro-democracy National Unity Government has reportedly begun using Tether as a proxy for the US dollar to raise funds for a campaign to topple the military regime.

Securities / Derivatives

US Sanctions Force Chinese AI Firm to Postpone HK IPO

By Manesh Samtani | 13/12/2021

The US Treasury placed Chinese AI firm SenseTime on an investment blacklist just as the company was preparing to list in Hong Kong.

AML / KYC

CSRC to Enhance Account Management in Securities Industry

By Darien Choong | 13/12/2021

A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.

AML / KYC

AUSTRAC Issues Financial Crime Guide on Disaster Payments Fraud

By Editors | 13/12/2021

The financial crime guide helps financial firms identify the misuse of emergency and disaster payments administered through Services Australia.

AML / KYC

FATF Calls for Global Action on Environmental Crime

By Editors | 13/12/2021

For the first time, the UNODC, UNEP and CITES met with the FATF to discuss partnerships to fight money laundering from environmental crimes.

AML / KYC

US Treasury Targets Human Trafficking in Updated Action Plan

By Mark Johnston | 12/12/2021

Treasury will leverage its AML expertise to augment human trafficking investigations, and develop advisories to alert FIs to potential red flags.

Press Release

Regulation Asia Awards for Excellence 2021 – Results Announcement

By Editors | 10/12/2021

Regulation Asia held its fourth annual Awards ceremony on 9 December 2021. Here we explain our methodology and announce the winners for the year.

Enforcement

China: Top Banking and Securities Officials Accused of Corruption

By Darien Choong | 09/12/2021

A new wave of anti-corruption probes has brought down senior officials and executives from the SSE, CSRC, CBIRC, ICBC and Everbright Bank.

AML / KYC

Japan FSA Seeks to Introduce Restrictions on Stablecoin Issuance

By Sanday Chongo Kabange | 09/12/2021

The FSA reportedly seeks to propose legislation to only allow banks and wire transfer companies to issue stablecoins, and to regulate wallet providers.