【Vancouver, C】Jeweller Failed to Report Suspicious Transactions, Will Pay $264K Penalty, FINTRAC Says
Editor’s NoteThis report highlights the significant financial and legal consequences for businesses that fail to comply with anti-money laundering…
Anti-Money Laundering
【Vietnam】Electronic Transfer Reporting Obligation: Domestic 500 Million VND, International 1,000 USD Thresholds
Editor’s NoteThe State Bank of Vietnam has issued a new circular (No. 27/2025/TT-NHNN) detailing provisions of the Anti-Money Laundering Law,…
【Hanoi, Vietn】Vietnam Ramps Up Compliance Inspections for Gold Trading Enterprises
Editor’s NoteIn response to recent market volatility, Vietnam has initiated inspections of gold trading compliance among financial institutions and…
【Vietnam】Vietnamese Prime Minister Urges Market Stabilization, Calls for Closing Gold Price Gap with International Levels
Editor’s NotePrime Minister Pham Minh Chinh has directed Vietnam’s central bank to take decisive action to stabilize the domestic gold market,…
【Hong Kong】Hong Kong Customs Reminds Non-Local Exhibitors at Jewelry Fair of Statutory Requirement to Submit Cash Transaction Reports under Precious Metals and Stones Dealers Regulatory Regime
Editor’s NoteThis article serves as a timely regulatory reminder for participants at the Hong Kong Jewellery & Gem Fair. It highlights the…
【Kuwait】Kuwait Targets Illegal Activity in Precious Metals Trade with New Guide
Editor’s NoteThis new guide from the Ministry of Commerce and Industry addresses a critical vulnerability. By outlining how illicit funds exploit the…
【Luxembourg】Alipay Fined €214,000 by Luxembourg Regulator for Anti-Money Laundering Breaches
Editor’s NoteThis article reports on a regulatory fine imposed on Alipay’s European entity for breaches of anti-money laundering rules. It serves as…
Why KYC and AML Compliance is Crucial for Cryptocurrency Exchanges
Editor’s NoteThis article explains the distinct yet interconnected roles of KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols in…
Why KYC and AML Compliance is Crucial for Cryptocurrency Exchanges
Editor’s NoteThis article outlines the critical roles of KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols in cryptocurrency…
【China】New Real Estate Anti-Money Laundering Regulations Imminent, Forcing Banks to Strengthen Fund Chain Scrutiny
Editor’s NoteChina is strengthening its anti-money laundering oversight by formally bringing real estate developers and agencies under a new…