The Laos Anti-Money Laundering Intelligence Unit and the Korea Financial Intelligence Unit signed a memorandum of understanding with regards to anti-money laundering and combatting the financing of terrorism-
The Thai Anti-Money Laundering Act B.E. 2542 was recently amended. The new amendment makes changes to provisions to be in-line with the current anti-money laundering situation, to increase enforcement efficiency, and to conform to international standards.
Money laundering is often viewed as a victimless crime but the truth of the matter is that it is a very important cog to the machinery funding organized crime and terrorism across the globe. Learn how Kuwait is tackling the AML challenge.
Law No. 49/NA on Anti-Money Laundering and Combatting the Financing of Terrorism (“AML Law”), issued on 21 July 2014, took effect on 24 February 2015. The AML Law formulates the term, “reporting units”, which may consist of both “financial sector institutions” and “non-financial sector institutions”. “Financial sector institutions” include: commercial…
The Supreme Court of Canada released its anticipated decision in Guindon v. Canada[1] on July 31, 2015, which…
The Monetary Authority of Singapore (“MAS”)(Amendment) Bill, passed in Parliament on 11 May 2015, provides MAS with greater…
To enhance and also align Singapore’s anti-money laundering (AML) and countering the financing of terrorism (CFT) regime with the international standards set by the Financial Action Task Force, the Act establishing the Monetary Authority of Singapore (MAS), Singapore’s central bank and prudential regulator, will be amended to: consolidate at the…
India poses high risks of corruption and money laundering for financial institutions operating in the country. To evaluate…
In January 2015, the Spanish Executive Service of the Commission on the Prevention of Money Laundering and the…
On December 17, 2014, EU law makers within the European Parliament and the Council of Ministers have reached political consensus on tougher anti-money laundering rules which are expected to be formally finalized next year in the fourth anti-money laundering directive. The rules agreed on are aimed at making questionable deals…