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CRIMINAL PROCEDURE Law Firm - Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 – Seizing Order – Forfeiture – Legitimate Interest – Legal Fees – Decision – No written Judgement

Sebagai ahli beberapa badan-badan piawaian penetapan antarabangsa, khususnya APG on Money Laundering dan FATF, Labuan FSA komited untuk memerangi apa-apa aktiviti pengubahan...

Labuan Financial Services Authority Commits To Combat Money Laundering And Terrorism Financing Activities.

On 15 August 2023, Labuan IBFC officially launched its first AML/CFT compliance platform with the formation of the Labuan Bank Compliance Officers' Networking Group...

Since the introduction of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 ("AMLATFPUAA"), the Government has taken a phased approach...

In 2016, the global economy grew at a moderate pace, with slower growth in most advanced and emerging economies.

The 2023 edition of Benchmark Litigation Asia-Pacific reviewed some of our more interesting work over the past year as reproduced below.

Transparency and substance is the new staple for a modern and successful IFC, while continuous subscription to the highest money laundering and terrorism financing standards a given.

Kootu fund is defined as a scheme or arrangement variously known as kootu, cheetu, chit fund, hwei, tontine or otherwise whereby the participants subscribe periodically or otherwise to a common...

The principle of wilful blindness has often been contested in courts. In criminal law, Wilful Blindness or ignorance of law refers to the ‘deliberate avoidance of knowledge of the facts'; that is, a person avoids gaining knowledge ...

"Compliance Framework" is a structured process or system through which companies demonstrate that they have conformed to specific requirements in laws, regulations, contracts, strategies and policies.

The Anti-Money Laundering, Anti-Terrorism and Proceeds of Unlawful Activities Act 2001 ("the Act") came into force on 15.1.2001 with the aim of preventing and combating money laundering, terrorism financing and the use of illegal proceeds.