ACIP has released 2 guidance papers on approaches towards the misuse of legal persons and trade-based money laundering (TBML) during a dialogue held on 14 May. The ACIP is Singapore’s public-private collaboration to exchange views and information on anti-money laundering/countering the financing of terrorism (AML/CFT) and finding ways to mitigate money laundering/terrorist financing (ML/TF) risks […] Source| AML-CFT
On April 30, the Hong Kong Financial Services and the Treasury Bureau has released the Money Laundering / Terrorist Financing (ML/TF) Risk Assessment Report. The report examines ML/TF threats and vulnerabilities facing Hong Kong and the steps taken to the remediate gaps accordingly. According to a Government spokesman: The Government is committed to combating ML […] Source| AML-CFT