Combating Concealed Beneficial Ownership & AML/CTF Risks in Trust and Company Service Providers (TCSPs) Industry
Trust or Company Service Providers (TCSPs) play a cruci […]
Latest Updates on Hong Kong Anti-Money Laundering Regulations
Updated on 2023/07/20 The Anti-Money Laundering and Cou […]
Ensuring the New Anti-Money Laundering and Terrorism Financing Compliance: A Step-by-Step Guide for Developers in Singapore
Overview of the New Requirements for Developers against […]
香港B類貴金屬及寶石交易商註冊制度 — 註冊流程、防洗錢實際操作及工具
30/01/2024更新 香港立法會於 2022 年 12 月通過《2022年打擊洗錢及恐怖分子資金籌集（修訂 […]
藝術市場與反洗錢淺談
如今，藝術博覽會變得越來越普及。想像一下，你正好參觀巴塞爾藝術博覽會或蘇富比拍賣會。站到一張畫作面前，畫上的筆 […]
Data and Compliance Report (DCR) 2024 Submission in Malaysia
Data and Compliance Report (DCR) is an annual submissio […]
香港貴金屬及寶石交易商註冊制度 — 內容、重點及建議
30/01/2024更新 2022 年 12 月 7 日，《2022 年打擊洗錢及恐怖分子資金籌集（修訂）條例 […]
香港虛擬資產服務發牌制度 — 內容、重點及建議
13/12/2022更新 2022 年 12 月 7 日，香港立法會通過《2022 年打擊洗錢及恐怖分子資金籌 […]
Anti-Money Laundering and Countering Financing of Terrorism (AML-CFT) Screening in Malaysia
One of the measures to curb money laundering in Malaysia’s financial system is for reporting institutions have an effective Anti-Money Laundering (AML) program in place as a preventive measure. Such preventive measures include having effective Anti-Money Laundering policies and procedures, staff training and the usage of advanced software technologies so that reporting institutions can meet compliance requirements expected by the law.
What are Politically Exposed Persons (PEP), And How Do I Screen For Them?
Simply speaking, a Politically Exposed Person (PEP) is an individual who holds a high-profile political role. Due to their position, a PEP is said to be someone more likely to be involved in bribery or corruption (which are predicate offences in money laundering).