AML / KYC

    AML / KYC

    Greater Bay Regulators Sign MoU on Wealth Management Connect

    By Manesh Samtani | 07/02/2021

    The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

    AML / KYC

    PBOC, SAFE Issue AML Guidelines for Cross-border Business

    By Editors | 06/02/2021

    The guidelines apply to cross-border activities using domestic or foreign currencies, as well as domestic activities using foreign currencies.

    AML / KYC

    Philippines Enacts AML Amendments to Avoid FATF Grey List

    By Ranamita Chakraborty | 04/02/2021

    Offshore gaming operators, their service providers, real estate developers and brokers have been brought into scope as covered entities.

    AML / KYC

    Thailand to Introduce Rules for Digital Asset Wallet Providers

    By Editors | 02/02/2021

    The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.

    AML / KYC

    China Punishes Former CBIRC Official for Corruption

    By Editors | 02/02/2021

    The ex-head of the CBIRC’s Shanxi bureau was expelled from the Communist Party and referred for criminal prosecution for suspected bribery.

    AML / KYC

    How Financial Institutions View Digital Identity: Survey

    By Editors | 01/02/2021

    RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.

    AML / KYC

    BSP Updates VASP Rules to Align with FATF Requirements

    By Editors | 28/01/2021

    The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.

    AML / KYC

    AUSTRAC Consults on AML/CTF Rules for Phase 1.5 Reforms

    By Editors | 28/01/2021

    The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.

    AML / KYC

    Fighting TBML to Sustain a Post-pandemic Recovery in APAC

    By Claus Christensen | 27/01/2021

    As we inaugurate the next phase of international trade, the FATF is pushing trade-based money laundering to the top of the international community’s agenda, says Claus Christensen at Know Your Customer.

    AML / KYC

    Australian Police Arrest Dutch National on Money Mule Charges

    By Editors | 27/01/2021

    The 22-year-old was used to receive funds stolen from Australian bank accounts by a cybercrime syndicate before he transferred it overseas with Bitcoin.

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