News and Articles
Navigating AML/CTF Compliance in Australia: A Guide for Tranche 2 Entities Under the Amendment to the AML/CTF Act Effective 2026
Australia’s AML/CTF regime has evolved with the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024, passed in December 2024. The legislation amends the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to align Australia’s AML/CTF framework with the global standards...
Read MoreThe New Corporate Service Providers Regulations and Guidelines: Top 3 Requirements and Compliance Steps CSP Need to Know
(Updated on 22 May 2025) Singapore’s Corporate Service Providers (CSP) Act 2024 was passed by Parliament on 2 July 2024, and the Corporate Service Providers Regulations 2025 will come into effect on 9 June 2025, marking a significant step in strengthening the nation’s anti-money laundering, countering proliferation financing and countering...
Read MoreSingapore’s New AML/CFT Sentencing Framework for Nominee Directors: Implications for Corporate Service Providers
A recent landmark ruling by the Singapore High Court has sent a strong message to corporate service providers (CSPs), particularly those offering nominee director services. The court has established a stiffer sentencing framework for “silent” company directors who fail to...
Read More2025 New Updates on Companies Registry’s Guideline on AML/CFT for TCSPs – Overview and Practical Guidance to Comply with the Latest Requirements
The Companies Registry (CR) has updated the Guideline on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) for Trust or Company Service Provider Licensees (TCSPs), set to take effect on 3 March 2025, in order to align with the latest international...
Read MoreUnderstanding Trade-Based Money Laundering (TBML): Techniques, Case Study, Red Flags and Best Practices for Risk Mitigation
Trade-Based Money Laundering (TBML) is one of the most prevalent money laundering methods encountered by professional firms in the Designated Non-Financial Businesses and Professions (DNFBP) sectors. This method primarily involves exploiting the vast volume of global trade and the complexities...
Read MoreAML/CFT Regulations in Malaysia: Unpacking the Differences Between SSM and BNM Regulations
Both the Companies Commission of Malaysia (SSM) and Bank Negara Malaysia (BNM) play pivotal roles in Malaysia’s Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) efforts. While they share the common goal of combating financial crimes, their regulatory frameworks differ...
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