AML / KYC

AML / KYC

Pakistan Issues Consolidated List of Sanctioned Individuals, Entities

By Editors | 23/08/2020

The Ministry of Foreign Affairs says various sanctions were already in place against almost all of the individuals and entities listed by the United Nations Security Council.

AML / KYC

Thailand SEC to Simplify KYC Rules for Low Risk Investment Products

By Editors | 22/08/2020

The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.

AML / KYC

ISO Sets Standard for Embedding LEIs in Digital Certificates

By Editors | 22/08/2020

Simplified LEI integration paves the way for all digital certificates to be linked by a universal identifier and reduces the resource burden on certificate issuers.

AML / KYC

APAC Regulators Issue Nearly $4bn in AML Fines in H1 2020

By Editors | 19/08/2020

Fraudulent activity brought on by Covid-19 related initiatives may result in enforcement actions later in the year and into 2021, says Fenergo’s Rachel Woolley.

AML / KYC

PEPs in the Limelight: Three Components to Mitigate Risk

By Editors | 19/08/2020

To understand the money laundering risks they face, financial firms need a robust and scalable approach to PEP identification and due diligence, says Refinitiv’s Michael Meadon.

AML / KYC

FFIS Charts Growth of Public-Private Partnerships in New Report

By Manesh Samtani | 19/08/2020

Public-private financial information sharing partnerships enhance the quality of regulatory reporting and improve law enforcement outcomes.

AML / KYC

WWF, ACAMS Launch New Initiative Targeting Illegal Wildlife Trade

By Editors | 18/08/2020

The partnership seeks to bridge gaps in the financial systems that criminals exploit to move, hide and launder the proceeds of the illegal trade in wildlife.

AML / KYC

Risk and Reward: AI Enables Active Financial Crime Risk Assessment

By Daniel Banes | 18/08/2020

Adverse media is openly available, continually updated, and provides a wealth of information, but it remains underused in financial crime risk assessments, writes Daniel Banes.

AML / KYC

Pakistan Legislature Progresses Five FATF-related Bills

By Editors | 18/08/2020

Pakistan has taken another step towards its removal from the FATF grey list with the passage of five new bills in the National Assembly.