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
August 2021
This month South Korea looks to establish an independent bureau under its FIU responsible for all digital currency and crypto matters, Australia is set to update its sanctions laws, the Philippines AMLC has released guidance on targeted financial sanctions and China and the UAE have agreed to share intelligence to fight money laundering and terrorism financing. Here are just some updates across the region in August!.
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