Countries

AML/CTF compliance in Nepal WHAT ARE THE Money laundering and terrorism financing laws in Nepal? In Nepal, money laundering and terrorism financing are serious offenses and are governed by the following laws: Asset (Money) Laundering Prevention (First Amendment) Act, 2068 (2011) and Terrorist and Disruptive Acts (Prevention and Punishment) Act, 2058 (2002), The AML/CFT laws…

AML/CTF compliance in India WHAT ARE THE Money laundering and terrorism financing laws in India? In India, money laundering and terrorism financing are serious offenses and are governed by the following laws: The Prevention of Money-Laundering Act, 2002,The Unlawful Activities (Prevention) Act, 1967 additionally AML/CTF Guidelines and Regulations issued by regulatory bodies such as RBI,…

AML/CTF compliance in Cambodia WHAT ARE THE Money laundering and terrorism financing laws in Cambodia? In Cambodia, the primary legislation governing money laundering and terrorism financing is the New Law on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT Law 2020), which was published in 2020. This law repealed the previous AML/CFT Law from…

AML/CTF compliance in Vietnam WHAT ARE THE Money laundering and terrorism financing laws in Vietnam? In Vietnam, Law No. 14/2022/QH15, Decree 88/2019/ND-CP, and Circular 26/2021/TT-NHNN are fundamental regulations related to the prevention of money laundering and terrorism financing. These regulations aim to bring Vietnam’s anti-money laundering and counter-terrorism financing framework in line with international standards…

AML/CTF compliance in Thailand WHAT ARE THE Money laundering and terrorism financing laws in Thailand? In Thailand, money laundering and terrorism financing are serious offences and are primarily regulated under the Anti-Money Laundering Act B.E. 2542 (1999) and the Counter-Terrorism and Proliferation of Weapons of Mass Destruction Financing Act B.E. 2559 (2016), along with their…

AML/CTF compliance in Philippines WHAT ARE THE Money laundering and terrorism financing laws in Philippines? In Philippines, money laundering is a serious offence and is regulated primarily under the Republic Act No. (9160) and The Anti-Terrorism Act of 2020 (Republic Act No. 11479). The AML/CTF law aims to deter and detect money laundering and terrorism…

AML/CTF compliance in Indonesia WHAT ARE THE Money laundering and terrorism financing laws in Indonesia? The money laundering and terrorism financing laws in Indonesia include Law No. 3 of 2011, Law No. 5 of 2018, Law No. 8 of 2010, and Law No. 9 of 2013. The Bank of Indonesia has also issued Regulation No.…

AML/CTF compliance in Malaysia WHAT ARE THE Money laundering and terrorism financing laws in Malaysia? In Malaysia, money laundering and terrorism financing are strictly regulated under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). This act makes provisions for the offense of money laundering, the measures to be taken for…

AML/CTF compliance in Qatar WHAT ARE THE Money laundering and terrorism financing laws in Qatar? In Qatar, money laundering and terrorism financing are regulated by the following laws: Law No. (20) of 2019 on Combating Money Laundering and Terrorism Financing: This is the main law that establishes the legal framework for combating money laundering and…

AML/CTF compliance in UAE WHAT ARE THE Money laundering and terrorism financing laws in UAE? In the United Arab Emirates (UAE), money laundering and terrorism financing are gravely treated and are regulated by the following laws: Federal Decree-Law No. (20) of 2018 On Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal…