News and Articles
Mitigating Proliferation Financing Risks for DNFBP in Malaysia
In the ever-evolving landscape of Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Countering Proliferation Financing (CPF) and Targeted Financial Sanctions (TFS), staying updated on the latest compliance regulations and remaining vigilant to risks is crucial for Reporting Institutions in Malaysia. ...
Read MoreCombating Concealed Beneficial Ownership & AML/CFT Risks in Corporate Service Providers (CSPs) in Singapore
Corporate Service Providers (CSPs) play a crucial role in facilitating the establishment, administration, and management of companies. However, due to their involvement in financial transactions and corporate structures, CSPs are vulnerable to exploitation by money launderers and terrorist financiers. The...
Read MoreThe Intersection of Tax Evasion and Money Laundering: A Professional Accountant’s Perspective in Malaysia
Tax evasion and money laundering are two interrelated financial crimes that pose significant threats to the integrity of financial systems worldwide. Understanding the intricacies of these offenses, along with the legal frameworks and penalties associated with them, is crucial for...
Read MoreThe Philippines’ Fight Against Money Laundering: A Call to Action for Designated Non-Financial Businesses and Professions (DNFBPs)
The Philippines has made significant strides in combating money laundering and terrorist financing (AML/CTF). However, its inclusion in the Financial Action Task Force’s (FATF) grey list in 2021 underscores the need for continued vigilance. Designated Non-Financial Businesses and Professions (DNFBPs)...
Read MoreCombating Concealed Beneficial Ownership & AML/CTF Risks in Trust and Company Service Providers (TCSPs) Industry in Hong Kong
Trust or Company Service Providers (TCSPs) play a crucial role in facilitating the establishment, administration, and management of trusts and companies. However, due to their involvement in financial transactions and corporate structures, TCSPs are vulnerable to exploitation by money launderers...
Read MoreLatest Updates on Hong Kong Anti-Money Laundering Regulations
Updated on 2023/07/20 The Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 was passed by the Legislative Council of Hong Kong in December 2022. The new legislation, including the establishment of a registration regime for Dealers in Precious Metals and...
Read More