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 →
News
Latest updates around the world on AML/CFT.
Consumer Advisory on Investment Schemes Involving Digital Tokens (Including Virtual Currencies)
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 →
Bangladesh to take over Co-Chair of the APG in 2018
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 ... Read More →
Singapore Signs MCAAs to Enhance Tax Co-operation on Exchange of Information
PRESS RELEASE BY MINISTRY OF FINANCE, SINGAPORE On 21 June 2017, Singapore will sign the Multilateral Competent Authority Agreements (“MCAAs”) on: the Automatic Exchange of Financial Account Information under the Common Reporting Standard (“CRS”); and the ... Read More →
New Zealand to help Pacific Combat Money Laundering
Foreign Minister Gerry Brownlee has announced a significant boost to support Pacific island countries comply with international anti-money laundering standards. New Zealand is providing $3.6 million to the Asia-Pacific Group on Money Laundering. “The Group is a ... Read More →
