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.

Australia Announces Expansion of SME Loan Guarantee Scheme

11/03/2021

The government will guarantee up to 80 percent of the loans under the scheme, while also increasing the loan limit and allowing larger businesses to also benefit.

AML / KYC

Singapore Police Arrest Man Over China Official Impersonation Scam

11/03/2021

The man received over S$209,000 from a woman who was told she was under investigation and needed to resolve the case.

Enforcement

ACCC Accepts Visa Commitment to Address Competition Concerns

11/03/2021

Visa is legally bound to ensuring that merchants will not pay higher processing costs if they process debit card payments through eftpos rather than the Visa network.