Hong Kong - The Securities and Futures Commission (SFC) and the Hong Kong Police (HKP) signed a Memorandum of Understanding (MoU) on 25th August 2017 to formalise and strengthen cooperation in combating financial crime.Hong Kong operates the sixth largest stock ... Read More →
Latest updates around the world on AML/CFT.
The Office of Foreign Assets Control (OFAC) has designated 16 entities and individuals for activities related to supporting the Democratic People's Republic Korea's (North Korea) nuclear and ballistic missile programs, energy trade, labour exports, and sanctions ... Read More →
The Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) have observed the emergence of initial coin (or token) offerings (ICOs), and other investment schemes involving digital tokens, in Singapore. Members of the public are advised to ... Read More →
The Asia/Pacific Group on Money Laundering (APG) announced that Bangladesh would be taking over the Co-Chair from Sri Lanka. The position was established in the APG’s first annual meeting in Tokyo, Japan, where its members will be elected for a two-year term. During i ... Read More →
NEW YORK (Reuters) - A federal judge has dismissed a lawsuit accusing Deutsche Bank AG of concealing major deficiencies in its anti-money laundering controls, even as it allowed "mirror trades" to launder money out of Russia as part of a $10 billion trading ... Read More →