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 […]
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 […]
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 […]
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 varies at the state and Federal levels […]
As a gateway to China, Hong Kong is an important financial destination for businesses across APAC and the world, including numerous fintech service providers dealing in virtual assets such as cryptocurrency. Hong Kong’s regional and global status also makes it […]
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 sanctions against North Korea prohibit a broad range of economic […]
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 […]
Understanding the Monetary Authority of Singapore Omnibus Act: What You Need To Know On 21st July 2020, the Monetary Authority of Singapore (MAS) launched its Consultation Paper on the New Omnibus Act for the Financial Sector, setting out proposals for […]
Governments may impose sanctions on countries and individuals in order to punish violations of international law including human rights offences and financial crimes like money laundering and the financing of terrorism. In the shipping industry, international maritime sanctions are a […]
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