News and Articles
Guide for HK DPMS: Registration Process, How to Do AML and Useful AML Tools (With Tips on Waiver of Registration Fee)
The Hong Kong Legislative Council passed the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 on 7 December 2022, to introduce a registration regime for Dealers in Precious Metals and Stones (“DPMS”), so as to impose statutory anti-money laundering and...
Read MoreThe Art Market and Money Laundering
Visiting art fairs has become more common nowadays. Imagine you are visiting Art Basel or Sotheby’s. Standing in front of an artwork with a powerful stroke on it, and there’s a little red sticker beside the artist’s statement saying “SOLD”....
Read MoreData and Compliance Report (DCR) 2022 Submission in Malaysia
Data and Compliance Report (DCR) is an annual submission to Bank Negara Malaysia (BNM) by reporting institutions (RI), to report how they meet the anti-money laundering and counter-financing of terrorism (AML/CFT) requirements and identify their exposure to money laundering (ML)...
Read MoreHong Kong Registration Regime for Dealers in Precious Metals and Stones (DPMS)
updated on 13/02/2023 On 7 December 2022, Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 in Hong Kong has been passed by the Legislative Council, to introduce a registration regime for Dealers in Precious Metals and Stones (DPMS), so as...
Read MoreVirtual Asset Services Providers (VASP) Licensing Regime in Hong Kong
updated on 13/12/2022 On 7 December 2022, the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 in Hong Kong has been passed by the Legislative Council, to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulatory regime of Hong Kong and...
Read MoreAnti-Money Laundering and Countering Financing of Terrorism (AML-CFT) Screening in Malaysia
One of the measures to curb money laundering in Malaysia’s financial system is for reporting institutions have an effective Anti-Money Laundering (AML) program in place as a preventive measure. Such preventive measures include having effective Anti-Money Laundering policies and procedures,...
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