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
July 2021
This month we have seen regulators in Hong Kong and Thailand clampdown on unregulated cryptocurrency activity issuing warnings that all virtual asset exchanges must be licensed to offer services. There have been changes to New Zealand's AML/CTF rules which came into force in the beginning of July and AUSTRAC, and the Monetary Authority of Singapore are seeking public consultation on amendments to their AML/CTF rules.
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