APAC Monthly REG-CAP November 2021

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring across APAC.

This issue will cover:

1. Key updates from regional and local regulators

2. Key updates from industry guidelines

3. 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

APAC Monthly REG-CAP October 2021

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring across APAC.

This issue will cover:

1. Key updates from regional and local regulators

2. Key updates from industry guidelines

3. Additional insights identified from financial intelligence units

October 2021

The key updates from this month's APAC Reg Cap include the Australian Senate Committee releasing its report on its proposed changes to the crypto legislation and licensing in Australia, HKMA issuing guidance on authentication and fraud prevention controls for simplified electronic direct debit transactions and the PBOC issuing guidance for SMEs on applying a risk based approach when opening online accounts.

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

APAC Monthly REG-CAP September 2021

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring across APAC.

This issue will cover:

1. Key updates from regional and local regulators

2. Key updates from industry guidelines

3. Additional insights identified from financial intelligence units

September 2021

This months APAC Regulatory recap covers the key regulatory updates in the region, including AUSTRAC’s findings from the Australian banking sector, money laundering/terrorist financing risk assessment.

Also, the Philippines Securities and Exchange Commission has issued the new the AMLC Sanctions Guidelines, and Hong Kong's Securities and Futures commission has finalised its AML guidelines for the securities sector which will change the way banks and asset managers onboard clients.

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

APAC Monthly REG-CAP March 2021

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring across APAC.

This issue will cover:

1. Key updates from regional and local regulators

2. Key updates from industry guidelines

3. Additional insights identified from financial intelligence units

March 2021

This Reg-Cap summarises the main regulatory updates and reports released in March 2021 across APAC. Some key highlights include the Monetary Authority of Singapore (MAS) publishing new guidance on strengthening AML/CFT controls for Digital Payment Token (DPT) Service Providers, and the Australian regulator, AUSTRAC, publishing a number of regulatory guides for reporting entities on how to strengthen their AML/CFT programmes.

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.co.uk

APAC Quarterly REG-CAP January 2021

FINTRAIL is producing a monthly regulatory summary of any FinCrime changes that may be occurring across APAC.

This issue will cover:

1. Key updates from regional and local regulators

2. Key updates from industry guidelines

3. Additional insights identified from financial intelligence units

Q4 2020 - Jan 2021

This Reg-Cap summarises some of the main regulatory updates across APAC countries within the last quarter of 2020 and beginning of January 2021. Key highlights include changes to national AML/CTF laws across the region, specifically relating to Virtual Asset Service Providers (VASPs) to align the scope of local regulation with FATF Standards on AML/CTF for VASPs.

What other regulations changes caught your eye at the start of 2021?

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.co.uk