AML / KYC

    AML / KYC

    India Withdraws FPI Tax Surcharge Amid Foreign Pressure

    By Editors | 26/08/2019

    The surcharge, introduced last month, increased capital gains tax on foreign trusts investing in India to over 40%, prompting the stock market’s worst July in 17 years.

    AML / KYC

    HKMA Issues Clarification on Non-Face-to-Face Onboarding

    By Editors | 24/08/2019

    In line with SFC requirements, the HKMA says banks need not re-verify a client’s identity when opening an investment account if they’ve already done so for bank account opening.

    AML / KYC

    Investors Accuse BSEC Chairman of Embezzlement, Money Laundering

    By Editors | 24/08/2019

    The chairman of Bangladesh’s securities regulator is alleged to have approved IPOs for companies that falsified their financial statements to show higher profitability.

    AML / KYC

    Australia Introduces Bill to Criminalise Cash Payments Over A$10,000

    By Editors | 22/08/2019

    Under the proposed law, Australians would face up to two years’ jail and A$25,200 in fines if cash transactions between business and individuals exceed A$10,000.

    AML / KYC

    NTU Singapore to Develop New Tools to Fight Money Laundering

    By Editors | 22/08/2019

    Supported by the MAS and Singapore’s major banks, the project seeks​ to help wealth managers address money laundering risks with new AI and machine learning capabilities.

    AML / KYC

    The Long Arm of the Law

    By Eric A. Sohn | 19/08/2019

    Eric A. Sohn at Dow Jones Risk & Compliance discusses the US’ ability to restrict a firm’s access to correspondent banking services and its financial markets.

    AML / KYC

    Singapore Crypto Sector Consults on AML/CFT Code of Practice

    By Editors | 15/08/2019

    The code was facilitated by MAS and developed in consultation with ABS by ACCESS, the Association of Cryptocurrency Enterprises and Start-ups, Singapore.

    AML / KYC

    Singapore Shell Companies Vulnerable to Money Laundering: MAS

    By Editors | 14/08/2019

    While money launderers and tax evaders have traditionally used offshore companies, some have shifted to onshore companies to evade detection.

    AML / KYC

    Malaysia to Introduce e-KYC for Money Services Businesses

    By Editors | 13/08/2019

    BNM has set out the requirements money changers must observe in non-face-to-face customer onboarding, to ensure effective and robust AML/CFT controls.

    AML / KYC

    Malaysia Files Criminal Charges Against 17 Goldman Directors

    By Editors | 12/08/2019

    The current and former directors each face 1MDB-related charges carrying a maximum 10-year jail term and a minimum penalty of 1 million ringgit.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.