In 2019, Malaysia’s central bank and financial regulator, Bank Negara Malaysia (BNM), revised the existing Malaysia AML/CFT regime by introducing two policy documents applicable to two broad categories of financial entities. The first document is for financial institutions (FIs) such […]
How to Comply With AMLA Malaysia Malaysia is a regional and global political power with the third-largest economy in Southeast Asia, following Indonesia and Thailand. Attracting business interests from across the world, and with high investment in the technology and […]
Australia is home to thousands of banks and financial services companies, including banking institutions and over 800 FinTechs. Those financial institutions must learn to navigate a robust legal framework of AML rules in Australia, put in place to protect the […]
Hong Kong is a gateway to China and financial markets across Asia and is home to thousands of financial institutions, including some of the world’s most innovative fintechs. Like every global financial center, however, Hong Kong faces a range of […]
7 tips to help FinTechs comply with anti-money laundering in Singapore Singapore is one of the world’s busiest and most innovative commercial hubs and a destination for banks and financial services businesses around the world. Given that status, anti money […]
Avoid a AU$450,000 fine: Understand the DFAT Sanctions List The Australian DFAT Sanctions List plays a significant role in the fight against international money laundering and the financing of terrorism due to its influential economic and political powers. To curb […]
One of Southeast Asia’s most important economies, Indonesia is increasingly focused on anti-money laundering regulation. Indonesia has traditionally struggled with money laundering threats thanks to a lack of regulation and institutional corruption. However, since the turn of the century, the […]
The Reserve Bank of India (RBI) is responsible for regulating India’s financial markets and maintaining economic stability. Established by the Reserve Bank of India Act 1934, and commencing operations on 1 April 1935, the Reserve Bank of India serves as […]
What is Japan’s FSA? Japan’s FSA (Financial Services Agency) is the principal regulatory body responsible for the stability of Japan’s financial system. Originally created in 1998 as an administrative wing of the Prime Minister’s Office, Japan’s Financial Services Agency (FSA) […]
What Is The Reserve Bank Of New Zealand (RBNZ)? The Reserve Bank Of New Zealand (RBNZ) works to maintain the stability of New Zealand’s monetary and financial system and provides regulatory oversight for banks and other financial institutions. The RBNZ […]
Asia is the world’s largest trading market for cryptocurrency, and it has one of its most diverse regulatory environments. Crypto regulations in Asia fall across a spectrum. While many territories have paved the way for the adoption of cryptocurrencies, others […]
Regulations in Hong Kong: The Hong Kong Monetary Authority What is HKMA? As the central banking institution, the Hong Kong Monetary Authority is responsible for maintaining the city’s monetary and banking stability. The Hong Kong Monetary Authority (HKMA) was established […]
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