News and Articles
The 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 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,...
Read MoreWhat are Politically Exposed Persons (PEP), And How Do I Screen For Them?
Simply speaking, a Politically Exposed Person (PEP) is an individual who holds a high-profile political role. Due to their position, a PEP is said to be someone more likely to be involved in bribery or corruption (which are predicate offences...
Read MoreThe 6 Key Steps to AML-CFT Compliance in Malaysia
In Malaysia, some non-financial businesses and professions like lawyers, accountants, and company secretaries are required to comply with the Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) regulations imposed.
Read MoreRussia Sanctions – What You Should Know as a Professional Firm
On 24 Feb 2022, after months of political and military posturing, the world woke up to the fury of the guns. Russia had invaded Ukraine under the pretext of “Special Military Operation”. To many, this seems like a Cold-War era...
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