AML / KYC

APRA Ends Westpac Probe into Possible Banking Law Breaches

14/03/2021

The investigation did not find evidence of breaches of the Banking Act or the BEAR, according to APRA Deputy Chair John Lonsdale.

Fintech / Regtech

Bangladesh Cabinet Approves Bill on Payments Supervision

13/03/2021

The bill is aimed at providing additional safeguards against fraud, allowing Bangladesh Bank to monitor all electronic payments and penalise violations.

AML / KYC

Thailand to Launch Standard Form for Capital Market Access

13/03/2021

From 1 July, all intermediaries will use a standard form for account opening, providing investors easier access to stocks, debt instruments, mutual funds and derivatives.

AML / KYC

SEBI Rolls Out KYC Registry Extension to Legal Entities

13/03/2021

Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.

Fintech / Regtech

Philippine SEC Launches New Online Payments System

13/03/2021

The ‘SEC Payment Portal’ allows for the payment of registration fees, penalties and other fees using  other cashless payment options.

AML / KYC

Bangladesh Officials Confirm Use of Bitcoin to Finance Terrorism

13/03/2021

Two arrested militants have reportedly confessed to receiving funds through Bitcoin from extremist groups since 2014.

Enforcement

NZ Court Fines ANZ Over Credit Card Repayment Insurance

13/03/2021

The judge said ANZ should have been “sufficiently robust” in its ability to detect issues early, given its size, resources and position in New Zealand’s market.

AML / KYC

OFAC Sanctions Adult Children of Myanmar Military Leader

11/03/2021

The two adult children of the commander-in-chief of Myanmar’s military, Min Aung Hlaing, and six of their companies, have been designated by OFAC.

AML / KYC

GLEIF to Accelerate the LEI Integration in Digital Certificates

11/03/2021

GLEIF will work with Certification Authorities and Trust Service Providers to develop and promote best practices for the use of LEIs in digital certificates.