Aspects of APAC Archives - Page 4 of 7

Aspects of APAC, December 2019 - February 2020, Interviews

Mike Stone: The Fluidity of Financial Crime

December 19, 2019 /Leave a comment

ACAMS Today interviewed Mike Stone, director of the Anti-Money Laundering (AML) Group of the Department of Internal Affairs, New Zealand. Stone began his career in the health sector before spending 13 years in the New Zealand Police, predominately as a serious crime detective. His...

Aspects of APAC, December 2019 - February 2020

Progress of AML in Bangladesh

December 19, 2019 /Leave a comment

Bangladesh—despite being a relatively small country—is actually one of the anti-money laundering (AML) pioneers among the South Asian countries for formulating the Money Laundering Prevention (MLP) Act in early 2002. Significant changes were brought about in the act during amendments in 2009, 2012 and...

Aspects of APAC, December 2019 - February 2020

Exploring Threats to Digital Identity

December 19, 2019 /1 Comment

The remote onboarding of customers—also known as electronic know your customer (eKYC)—has become a central topic of debate among regulators, law enforcement agencies, financial institutions and technology companies alike given the inherent challenges in the digital mobile and financial technological realities of the modern...

Aspects of APAC, December 2019 - February 2020

Efficiencies of Enforceable Undertakings

December 19, 2019 /Leave a comment

Enforcement pushes forward the effective and flawless implementation of legislation Legislations come into effect the day they are registered. Rules, guidelines and regulations become effective and are expected to be observed by the business community. Enforcement is the most effective component of the entire...

Aspects of APAC, December 2019 - February 2020

2019 in Review: Reflections of Financial Crime Progress

December 19, 2019May 10, 2024 /Leave a comment

2019 has been a tumultuous year; various countries have made dramatic progress on their anti-money laundering (AML), counter-terrorist financing (CTF) and sanctions journeys. Along the way, the Association of Certified Anti-Money Laundering Specialists (ACAMS) has surpassed 25,000 members across Asia. The year was punctuated...

Aspects of APAC, September – November 2019

Malaysian Fintech Ecosystem—The New Grand Prix

September 4, 2019May 10, 2024 /Leave a comment

Fintech is the buzzword in today’s financial services industry and is supposed to be a game changer—the revolution that is giving the financial services industry a run for its money. All these discussions on how fintech is impacting the delicate silver line between the...

Aspects of APAC, September – November 2019

The Australian Experience—A Conflicting Regulatory Landscape

September 3, 2019May 10, 2024 /Leave a comment

Two flight changes, a layover, 25 hours in the air and a total travel time of over 30 hours. A recent trip to the U.S. to spend some time with the Association of Certified Anti-Money Laundering Specialists (ACAMS) team serves to remind me just how...

Aspects of APAC, September – November 2019

Chak Kuong Lao, CAMS: Safeguarding Macau’s AML Effectiveness

September 3, 2019May 10, 2024 /Leave a comment

According to a report published by Macau’s Financial Intelligence Office (GIF) in July 2019, the total number of suspicious transaction reports received by GIF during the first half of 2019 was 1,376—a 37.1% decrease compared to the same period in 2018. This change was...

Aspects of APAC, Interviews, September – November 2019

Mr. Phaiboun Phongsavanh, CAMS: The Noble Goal of Financial Inclusion

September 3, 2019May 10, 2024 /Leave a comment

ACAMS Today sat down with Mr. Phaiboun Phongsavanh, CAMS to discuss Laos’ efforts toward anti-money laundering/counter-terrorist financing (AML/CTF) compliance and Phongsavanh Bank’s mobile money project. Mr. Phaiboun Phongsavanh is the CEO of Phongsavanh Bank in Vientiane, Lao People’s Democratic Republic (PDR). He oversees the...

Aspects of APAC, September – November 2019

Help Wanted: Sanctions Compliance Experts in Asia

September 1, 2019May 10, 2024 /Leave a comment

Sanctions expertise is in short supply in Asia. How will companies manage their growing compliance risks as the U.S. ratchets up economic pressure in the region? U.S. Sanctions in Asia For years, it seemed U.S. regulators were focused on sanctions risks coming from Europe...

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Aspects of APAC

Mike Stone: The Fluidity of Financial Crime

Progress of AML in Bangladesh

Exploring Threats to Digital Identity

Efficiencies of Enforceable Undertakings

2019 in Review: Reflections of Financial Crime Progress

Malaysian Fintech Ecosystem—The New Grand Prix

The Australian Experience—A Conflicting Regulatory Landscape

Chak Kuong Lao, CAMS: Safeguarding Macau’s AML Effectiveness

Mr. Phaiboun Phongsavanh, CAMS: The Noble Goal of Financial Inclusion

Help Wanted: Sanctions Compliance Experts in Asia