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 discuss some of the recent enforcement actions and prosecutions in the region and highlight recent trends and developments in regulation and regulatory guidance, including 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.