AML / KYC

AML / KYC

NSW Police, AUSTRAC Disrupt Money Laundering Operation

By Editors | 25/11/2020

Two men have been arrested and charged over illegal transfers of currency into offshore accounts as part of an investigation that began in June.

AML / KYC

FATF President Calls on G20 to Fully Implement AML Standards

By Manesh Samtani | 24/11/2020

Marcus Pleyer says not all G20 members have taken effective action to make a real difference, despite their public calls for full implementation of the FATF standards.

AML / KYC

South Pacific Nations Complete First Phase of KYC Facility Project

By Editors | 22/11/2020

The KYC facility will improve CDD processes and AML/CFT compliance, and support the provision of correspondent banking services to Pacific Island nations.

AML / KYC

JP Morgan Becomes Global LEI System’s First Validation Agent

By Editors | 19/11/2020

JP Morgan issued the first LEI under the new Validation Agent model with LEI issuer, Business Entity Data, a wholly-owned subsidiary of DTCC.

AML / KYC

The Need for Tranche 2 AML Reform in Australia

By Jeremy Moller | 18/11/2020

Norton Rose Fulbright’s Jeremy Moller highlights the advantages of regulating legal, accounting and real estate services under Australia’s AML laws, sooner rather than later.

AML / KYC

IMF Calls for Amendments to Philippine Bank Secrecy Laws

By Editors | 17/11/2020

The BSP should be granted “unimpaired access” to information on all customer accounts and the ability to employ and share depositor information for any prudential purpose.

AML / KYC

Philippine SEC Assesses Risk of Non-Profit Organisation Sector

By Editors | 17/11/2020

Based on the risk assessment, the SEC will implement “the most appropriate mitigation measures” to manage money laundering and terrorist financing risks.

AML / KYC

US Investors Barred from Buying Stocks Linked to Chinese Military

By Manesh Samtani | 15/11/2020

Index providers will likely be forced to remove companies like China Mobile and China Telecom from key benchmarks by 11 January.

AML / KYC

New Opportunities for Banks in Client Onboarding

By Stephan Wolf | 12/11/2020

By adjusting their onboarding processes, FIs can enhance their client experience, reduce costs and pave the way for new cross border services, explains GLEIF CEO Stephan Wolf.