The UN Panel of Experts on North Korean sanctions is renewed; FATF issues new draft guidance on Virtual Assets; and the US crypto sector fears a government ‘crackdown’ despite growing signs of mainstreaming. We share our financial crime regulatory highlights […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Philippines is one of the Asia Pacific (APAC) region’s most prominent business destinations and a global hotspot for FinTech and financial services. Ranked as one of Southeast Asia’s favored investment destinations, the Philippines attracted over USD2.44 billion of foreign […]
In order to pursue the United States’ foreign policy objectives, the US Treasury has imposed regulations and sanctions on North Korea in some form since 1950. The sanctions have the broad goal of pressuring North Korea to denuclearize but have […]
Singapore’s Payment Services Act (PSA) was introduced to address the emerging criminal risks of payment technology and to consolidate previously separate payment services regulations. Passed into law on January 14, 2019, and into legal effect on January 28, 2020, the […]
The Malaysia AML/CFT Regime (Newly Revised for 2020) 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 […]
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 […]
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