Authorities across the Asia-Pacific region continue to tackle money laundering and the financing of terrorism through enforcement actions and prosecutions while concurrently seeking to amend and update the regulatory regimes to plug gaps and address developments in this area.
In this chapter, partner Charles Mo discusses some of the recent enforcement actions and prosecutions in the region and highlight some of the recent trends and developments in regulation and regulatory guidance, which include heightened regulation for digital currencies and an increased emphasis on a risk-based approach to anti-money laundering and countering the financing of terrorism (AML/CFT) measures.
This article was first published on Global Investigations Review in September 2023; for further in-depth analysis, please visit GIR The Guide to Anti-Money Laundering - First Edition.