FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring across APAC.
This issue will cover:
Key updates from regional and local regulators
Key updates from industry guidelines
Additional insights identified from financial intelligence units
November 2021
This month there has been lots of updates in Australia with AUSTRAC issuing a financial crime guide to raise awareness of the increasing misuse of payment text fields from a financial and organised crime perspective, the Australian Business Registry Services has now gone live with its Director Identification regime and Australian parliament has introduced a new thematic sanctions regime to enable Australia to respond more flexibly to a range of situations of international concern.
FINTRAIL has also seen the Securities and Exchange Commission of Thailand seeking public comments on the draft regulations for digital asset business operators and Hong Kong's HKMA launching its AML Regtech Lab to further encourage the use and adoption of Regtech providers across the banking sector.
This month there has been lots of updates in Australia with AUSTRAC issuing a financial crime guide to raise awareness of the increasing misuse of payment text fields from a financial and organised crime perspective, the Australian Business Registry Services has now gone live with its Director Identification regime and Australian parliament has introduced a new thematic sanctions regime to enable Australia to respond more flexibly to a range of situations of international concern.
FINTRAIL has also seen the Securities and Exchange Commission of Thailand seeking public comments on the draft regulations for digital asset business operators and Hong Kong's HKMA launching its AML Regtech Lab to further encourage the use and adoption of Regtech providers across the banking sector.
If you are interested in speaking to the FINTRAIL team about any of the items in the REG-CAP, have any ideas for inclusion or want to discuss any other financial crime topic please get in touch at: contact@fintrail.com