The Bank of Thailand has introduced a new regulation to facilitate the Know-Your-Customer process by using an electronic means for account opening for deposit acceptance or fund acceptance from public.
As part of its fight against money laundering and financing terrorist acts and organizations, the Ministry of Finance issued the Regulation on Suspension of Suspicious Transactions
The Court of Final Appeal in Hong Kong confirms money laundering offence does not require actual knowledge nor does the property need to be actual proceeds of crime.
This article provides a brief summary of thelatest developments in the banking sector in Kuwait, information on branches and representative offices of banks in Kuwait and anti-money laundering regulations.
The MAS' proposed framework covers recovery and resolution planning, temporary stays and suspensions of termination rights triggered by resolution, statutory bail-in powers, cross-border recognition of resolution actions, creditor safeguards and resolution funding.
Insights from the 8th Annual Association of Certified Anti-Money Laundering Specialists (ACAMS) Asia Pacific Anti-Money Laundering and Financial Crime Conference in Beijing
The Laos Anti-Money Laundering Intelligence Unit and the Korea Financial Intelligence Unit signed a memorandum of understanding with regards to anti-money laundering and combatting the financing of terrorism-
The Thai Anti-Money Laundering Act B.E. 2542 was recently amended. The new amendment makes changes to provisions to be in-line with the current anti-money laundering situation, to increase enforcement efficiency, and to conform to international standards.
Money laundering is often viewed as a victimless crime but the truth of the matter is that it is a very important cog to the machinery funding organized crime and terrorism across the globe. Learn how Kuwait is tackling the AML challenge.
Law No. 49/NA on Anti-Money Laundering and Combatting the Financing of Terrorism (“AML Law”), issued on 21 July 2014, took effect on 24 February...