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 →
Latest updates around the world on AML/CFT.
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 →
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 →
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 →
UNITED STATES - Senators have taken aim at digital currencies, such as bitcoin and ethereum, with a new anti-money laundering (AML) bill. Senators Chuck Grassley of Iowa and Dianne Feinstein of California introduced the bill titled “Combating Money Laundering, ... Read More →