HSBC Singapore’s chief compliance officer is calling for continued vigilance, the use of technology, and participation in public-private partnerships to mitigate trade-based money laundering (TBML) risks. In an article for Regulation Asia, Jamil Ahmed discusses these mitigating factors and concludes… Read More ›
technology
US files complaint against Chinese shell companies facilitating US technology sales to North Korea
The US has filed a complaint against two Chinese shell companies it accuses of helping China’s ZTE Corporation sell US technology to North Korea in violation of US sanctions US prosecutors are now seeking to forfeit nearly US$1 million from Ryer… Read More ›
Comprehensive strategy for under-invoicing needed in Pakistan
Under-invoicing of imported goods is a huge challenge to Pakistan’s economy that requires serious attention and a comprehensive strategy, according to senator Mirza Muhammad Afridi. Chairing a meeting of the senate standing committee on commerce and textiles, Afridi said that… Read More ›
How Singaporean firms can avoid sanctioned transactions
A two-pronged approach would be the best way for Singaporean firms to avoid implicating themselves in sanctioned transactions according to head of financial crime compliance at HSBC Singapore, Jamil Ahmed. Writing for Regulation Asia, he says firms should recognise and… Read More ›