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AML/CTF compliance in Samoa WHAT ARE THE Money laundering and terrorism financing laws in Samoa? Samoa has implemented the Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) National Strategy 2016-2020 as its national strategy to combat money laundering and terrorist financing. WHAT ARE THE Key obligations reporting entities have under Samoans laws? The key obligations that…

AML/CTF compliance in Sri Lanka WHAT ARE THE Money laundering and terrorism financing laws in Sri Lanka? These laws provide the legal framework for identifying, reporting, and preventing money laundering and terrorism financing activities in Sri Lanka. They also outline the penalties for non-compliance. Conventions on the Suppression of Terrorist Financing Act No 25 of…

AML/CTF compliance in Bangladesh WHAT ARE THE Money laundering and terrorism financing laws in Bangladesh? In Bangladesh, money laundering and terrorism financing are serious offenses and are governed by the following laws: Money Laundering Prevention Act, 2012 and Anti-Terrorism Act, 2009. The objective of the Money Laundering Prevention Act, 2012 and the Anti-Terrorism Act, 2009…

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 This law repealed the previous AML/CFT Law from…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…