Aspects of APAC Archives - Page 6 of 6

Aspects of APAC, June – August 2013

Taiwan: A case study on a Ponzi scheme and money laundering by Dream Company

June 3, 2013March 20, 2018 /Leave a comment

This article is presented as an example of effective anti-money laundering efforts in detection and investigation when there is cooperation between private and government sectors as well as a strong collaborative effort between various governments and internal departments. Mr. Chia-Jui (Mike) Lan, whose investigative work...

Aspects of APAC, March 2013 – May 2013

Seehanat Prayoonrat: Compliance is our key role

March 4, 2013March 16, 2018 /Leave a comment

ACAMS Today had the opportunity to speak with Police Colonel Seehanat Prayoonrat, PhD (Law), secretary-general of Anti-Money Laundering Office (AMLO), Thailand's FIU. Khun Prayoonrat has held the position of head of AMLO since March 2012. Prior to this position, he was appointed as a member...

Aspects of APAC, September – November 2012

How Banking Institutions in Japan Should React to the FATCA Account Identification Regulations

September 13, 2012March 6, 2015 /Leave a comment

Industry organizations in each country submitted comment letters toward the proposed regulations on U.S. Foreign Account Tax Compliance Act (FATCA), which was released on February 8, 2012. The comments seem to indicate that financial institutions are hesitant to commence their action for FATCA given the...

Aspects of APAC, March 2012 – May 2012

Anti-money laundering implementation in Indonesia

March 1, 2012March 5, 2015 /Leave a comment

Indonesia's initial regulation on anti-money laundering (AML) began in 1992, when the legislation was enacted prohibiting the endorsement of bank paid-in capital derived from potential money laundering activities. This was followed by the issuance of PBI No. 3/10/PBI/2001 concerning Know Your Customer Principles on...

Aspects of APAC, March 2012 – May 2012

Penerapan Anti Pencucian Uang di Indonesia

March 1, 2012March 5, 2015

Terkait anti pencucian uang, Indonesia sudah melakukan regulasi tersebut sejak tahun 1992 dengan cara melarang penyetoran modal bank yang berasal dari hasil pencucian uang yang disusul kemudian dengan penerbitan Peraturan Bank Indonesia No. 3/10/PBI/2001 tentang Penerapan prinsip Mengenal Nasabah (Know Your Customer Principles) pada...

Aspects of APAC, December 2011 – February 2012

The New Anti-Money Laundering & Counter-Terrorist Financing (Financial Institutions) Ordinance in Hong Kong

December 1, 2011April 8, 2015 /Leave a comment

Being a Financial Action Task Force (FATF) member, Hong Kong is obliged to implement anti-money laundering (AML) requirements promulgated by the FATF, including the 40+9 recommendations. FATF completed a mutual evaluation on Hong Kong's AML regime in 2008, and noted several major deficiencies: Though...

Aspects of APAC, September 2011 – November 2011

Malaysia and Anti-Money Laundering

November 20, 2011April 8, 2015 /Leave a comment

This article provides a brief overview of Malaysia's Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (Act 613), otherwise known as AMLATFA. In particular, it focuses on the latest additions to the list of predicate offenses under the AMLATFA, namely a number of offenses relating to...

Aspects of APAC, June 2011 – August 2011

Aspects of Asia

August 29, 2011April 10, 2015 /Leave a comment

Aspects of Asia is a new section in the ACAMS Today that will focus on AML/CTF developments and challenges encountered in the Asia region. In the last five years, all new full membership members of the Financial Action Task Force (FATF) have come from the...

ACAMS Today

The Magazine for Career-minded Professionals in the Anti-Money Laundering Field

Matthew S. Axelrod on the Critical Importance of Export Controls

AFC Developments Addressed at the Assembly Hollywood

David Mortlock on Sanctions Enforcement and Asset Recovery

Europe’s PEP List Debate

Russian Sanctions: Hitting the Target or Missing the Mark?

The Missing Pieces in Financial Crime Investigations

Aspects of APAC