ACIP has released 2 guidance papers on approaches towards the misuse of legal persons and trade-based money laundering (TBML) during a dialogue held on 14 May.The ACIP is Singapore’s public-private collaboration to exchange views and information on anti-money l ... Read More →
Latest updates around the world on AML/CFT.
The parliament of United Kingdom made history today by voting to release beneficial ownership information on its overseas territories (OTs) publicly.The amendment requires 14 OTs to disclose the information by 2020. However, the amendment does not apply to the Crown ... Read More →
On April 30, the Hong Kong Financial Services and the Treasury Bureau has released the Money Laundering / Terrorist Financing (ML/TF) Risk Assessment Report.The report examines ML/TF threats and vulnerabilities facing Hong Kong and the steps taken to the remediate ... Read More →
Update: The Monetary Authority of Singapore has released a circular on 8 Jan 2018 regarding using MyInfo as an official source for customer onboarding. Financial institutions would not need to obtain a photograph of the customer separately. For more details, please ... Read More →
On December 5, the European Union (EU) released a blacklist of 17 countries for failing to meet agreed tax good governance standards. The list was put together by EU's Code of Conduct Group (Business Taxation) team, who are responsible for assessing the tax measures for ... Read More →