Tag : aml

Proposed anti-money laundering rules are part of a broader drive to lift standards in the city-state’s burgeoning single-family office industry.

Institutional interest in cryptocurrency is undeniable, but myths around digital assets not being ESG friendly and its utility for money laundering continue to be blown out of proportion.

The city's Securities and Futures Commission has identified areas of concern related to anti-money laundering controls and is investigating several firms.

Hong Kong's Private Wealth Management Association is speaking with the city's regulators about making the account-opening process for wealthy mainlanders more efficient.

Smaller private banks and hedge funds in Asia are prime targets for money laundering.

The regulatory environment for hedge funds in Singapore is described as “volatile rather than accommodating” with a lot of people looking at alternative financial centres.

Luxembourg gets RQFII quota; CSRC targets illegal trading; Korea reforms markets; China tightens FTZ rules; MAS revises laundering regulations; HK looks at information sharing; and Saudi opens up.

Retail banks in the city have been tainted by recent money-laundering cases, leading some to suggest that asset managers are susceptible to being used for such activities.