【China】China to Put Alipay, Tenpay Under Tighter Anti-Money Laundering Scrutiny
Editor’s NoteChina’s central bank is proposing a major overhaul of its anti-money laundering and counter-terrorism financing framework, aiming to…
Financial Regulation
【Chaozhou, Ch】Strengthening Compliance Awareness: Chaozhou Conducts Anti-Money Laundering Training for Precious Metals and Gemstones Industry
Editor’s NoteThis report highlights a targeted training initiative by China’s central bank to bolster anti-money laundering compliance within a…
【China】Starting Next Month, Precious Metal Cash Transactions of 100,000 Yuan or More Must Be Reported
Editor’s NoteThis article outlines new anti-money laundering regulations from China’s central bank, requiring precious metals and jewelry businesses…
【China】Cash Purchases of Gold and Gems Exceeding 100,000 Yuan to Be Reported, Effective August 1
Editor’s NoteThis article outlines new anti-money laundering regulations from China’s central bank, mandating stricter compliance for dealers in…
【China】Starting August 1, Cash Purchases of Gold Exceeding 100,000 Yuan Must Be Reported
Editor’s NoteNew regulations from China’s central bank will require dealers in precious metals and gems to report large cash transactions starting in…
【India】Investing in Crypto? KYC Update Mandatory, Binance Says It’s Essential for All
Editor’s NoteBinance has announced a mandatory KYC re-verification for all its users in India to comply with local AML regulations. This update may…
【New Delhi, I】RBI Imposes Strict Regulations on Gold Loan Companies; Mandatory Disclosure of Auction Details in Agreements
Editor’s NoteThe Reserve Bank of India is mandating stricter, standardized procedures for gold appraisal across all branches of lending institutions…
【India】Reserve Bank of India to Issue New Guidelines for Gold Loans
Editor’s NoteThe Reserve Bank of India is set to issue comprehensive new rules for gold loans, citing existing concerns in the sector. Governor…
【Philippines】AMLC’s New Guidelines on Transaction Reporting, Compliance Submissions for Covered Entities
Editor’s NoteThis article outlines the mandatory reporting requirements for covered transactions under the Anti-Money Laundering Act, as reinforced…
【Mercer Count】Barred Broker Arrested in Ohio for $1 Million Alleged Fraud
Editor’s NoteThis report details the arrest and indictment of a former securities broker in Ohio, facing 96 criminal counts for allegedly defrauding…