AML / KYC

AML / KYC

Taiwan to Lower Payment Thresholds for Customer Notification

By Editors | 21/12/2020

The move is aimed at combatting rising financial fraud as consumers increasingly prefer e-payments over the use of credit cards.

AML / KYC

Intermediaries Should Lay Down Anti-bribery Policies: SFC

By Editors | 21/12/2020

Intermediaries should draw reference from the sample code of conduct issued by the ICAC and provide appropriate training to directors, staff members and agents.

AML / KYC

ISDA Offers Guidance on Addressing Sanctions in Trading Agreements

By Editors | 20/12/2020

The guidance note helps parties consider whether it may be appropriate to include specific sanctions provisions in ISDA documentation.

AML / KYC

PBOC Publishes Roadmap for Full LEI Adoption in China

By Manesh Samtani | 18/12/2020

By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.

AML / KYC

FATF Warns of Continued Criminal Exploitation of Covid-19

By Manesh Samtani | 17/12/2020

The effective use of technology to support onboarding and ensure effective information sharing has become even more important, the FATF says.

AML / KYC

Korea’s FIU Upgrades AML System to Boost Processing Capacity

By Editors | 17/12/2020

The upgraded AML system has increased KoFIU’s processing capacity by about five times, helping it address an increasing number of suspicious transaction reports it receives.

AML / KYC

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

By Editors | 17/12/2020

MSCI, Nasdaq, S&P Dow Jones Indices and FTSE Russell have now all announced the removal of Chinese companies from their indexes to comply with last month’s executive order.

AML / KYC

ANNA Announces Expansion of ISIN-to-LEI Mapping Initiative

By Editors | 16/12/2020

The linking of ISINs and LEIs effectively links issuers to the issuance of securities, thereby improving transparency and aiding risk and exposure management.

AML / KYC

Hong Kong Set to Tighten Rules for Digital Wallets July 2021

By Editors | 15/12/2020

Non-real-name account holders will not be able to transfer money to other banks or e-wallets, or make cross-border remittances.