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The State of Financial Crime 2024: Download our latest research

Asia Pacific

Hong Kong’s Financial Secretary Paul Chan has welcomed China’s recently introduced Anti-Foreign Sanction Law (AFSL), strongly indicating that many of its components will also become law in Hong Kong.  The AFSL marked China’s first major attempt to set out an […]

Bank Negara Malaysia will now allow money services businesses (MSBs) to onboard corporate clients digitally, using electronic Know Your Customer (e-KYC) and non-face-to-face verification processes. Previously, remittance and money-changing businesses were only permitted to use e-KYC techniques for individual customers. […]

China sanctions

As it seeks to exercise political power on a global scale, China is increasingly using its economic sanctions program to achieve foreign policy and economic objectives. China sanctions activity reflects Beijing’s desire to respond to Western sanctions – in particular […]

anti-money laundering nz: flag

New Zealand has an advanced, highly globalized economy and relies on a wide range of international trading partners in Australia, East Asia, North America, and the European Union. In order to protect its economy and maintain public confidence in its […]

FATF’s fourth virtual plenary ended on Friday, June 25, with the intergovernmental agency placing four jurisdictions under increased monitoring for strategic deficiencies in their anti-money laundering efforts. The Philippines — along with Haiti, Malta, and South Sudan — join 18 […]

Reforms meant to strengthen Australia’s AML/CFT rules came into force on Friday, June 18. Dubbed Tranche 1.5, these reforms touch on customer due diligence, correspondent banking, information sharing, and cross-border payment reporting. More specifically, with Tranche 1.5, the Australian Transaction […]

Asia Pacific Group On Money Laundering (APGML)

The Asia Pacific Group on Money Laundering (APG) is an inter-governmental organization dedicated to implementing international standards for anti-money laundering and combatting the financing of terrorism (AML/CFT) in the Asia Pacific (APAC) region. How Does the AGP Work? The APG […]

The Philippine Anti-Money Laundering Council (AMLC) is weighing disciplinary action against entities who filed incorrect STRs, according to a statement made by the executive director of the regulatory body, Atty. Mel Georgie Racela. Racela made the remark during an interview […]

Human right laws and sanctions in Australia

Human Rights Laws & Sanctions In Australia Australia’s human rights framework is built on common law and on its constitution which sets out certain universal rights for individuals within Australia and around the world. Human rights legislation in the country […]

North Korea Cyber Risks

Cyber Crime in North Korea: What You Need to Know An isolated and heavily restricted totalitarian state, North Korea engages in a range of cyber activities that violate international law, including conducting illegal cyber operations around the world. Ongoing international […]

MOFCOM China export controls

The Ministry of Commerce (MOFCOM China) is the primary government agency responsible for developing and implementing foreign trade policy, import and export controls, and sanctions regulations in the People’s Republic of China.  MOFCOM’s history dates back to the foundation of […]