News and Articles
From Administrative Gatekeepers to Governance Leaders: Elevating AML/CFT/CPF Compliance for Malaysia’s Company Secretaries
Executive Summary The Mutual Evaluation Report (MER) of Malaysia 2025, published by the Financial Action Task Force (FATF) in December 2025, assesses the effectiveness of the country’s anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation...
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Ultimate Beneficial Ownership (UBO) Verification Failures: Lessons from Recent Hong Kong Enforcement Cases
What Is UBO Transparency and Why Does It Matter? An Ultimate Beneficial Owner (UBO) is the natural person who ultimately owns or controls a corporate entity, whether through direct shareholding, indirect control, or nominee arrangements. Under Hong Kong’s Anti-Money Laundering and Counter-Terrorist...
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Singapore’s 2026 FATF Mutual Evaluation Report: Key AML/CFT/CPF Insights and Implications for Professional Firms
In May 2026, the Financial Action Task Force (FATF) and the Asia/Pacific Group on Money Laundering (APG) released the Mutual Evaluation Report (MER) of Singapore. This assessment evaluates the effectiveness of the country’s anti-money laundering, counter-terrorist financing, and counter-proliferation financing...
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Data and Compliance Report (DCR) 2026 Information & Submission in Malaysia
Data and Compliance Report (DCR) is an annual submission to Bank Negara Malaysia (BNM) by reporting institutions (RI) to report and self-assess their compliance with AMLA, Anti-Money Laundering (AML), Countering Financing of Terrorism (CFT), Countering Proliferation Financing (CPF), and Targeted...
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Australia AUSTRAC Tranche 2 Enrolment FAQ: What You Need to Know Before July 2026 – Deadlines, Requirements & Penalties
Sector 1: Am I Required to Enrol? 1. What actually triggers the requirement to enrol with AUSTRAC? If your business provides one or more “designated services” listed in Section 6 of the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act and...
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Australia’s Tranche 2 AML/CTF Reforms Start 1 July 2026 – Your Essential Preparation Checklist
Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime is undergoing a significant reform. From 1 July 2026, Businesses providing designated services, known as Tranche 2 entities, will become reporting entities under AUSTRAC, including: This marks a major shift for Tranche...
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