AML / KYC

AML / KYC

Technology Building Blocks that Enable Real-Time KYC

By Greg Watson | 11/02/2020

Every financial institution has a digital transformation agenda. But what does that really mean? In this post, we look at the why, and more importantly, the how of pursuing a Digital KYC model.

AML / KYC

SFC Fines BMI Securities, Suspends RO for AML Breaches

By Editors | 11/02/2020

The SFC has fined BMI Securities HK$3.7mn and suspended one of its responsible officers for failures to comply with AML/CFT obligations.

AML / KYC

Liar’s Poker – The 1MDB Version

By Peter Guy | 11/02/2020

1MDB sorely tested principles-based regulation and compliance at Goldman Sachs. But, the bank was likely set up as a victim from the very beginning, says Peter Guy.

AML / KYC

US Treasury Issues 2020 National Strategy for Combatting Illicit Finance

By Editors | 10/02/2020

The document highlights increased transparency, an improved supervisory framework for FIs, and enhanced operational capabilities as three strategic priorities for the US AML/CFT regime.

AML / KYC

RUSI-ACAMS Survey Reveals Proliferation Finance Implementation Gaps

By Manesh Samtani | 08/02/2020

A global survey of sanctions professionals reveals a lack of industry awareness of proliferation finance risks, and a lack of focus on this area in compliance programmes.

AML / KYC

Between a Rock and a Hard Place: FATF Faces an Iranian Crunch

By Tom Keatinge | 07/02/2020

A well-intentioned decision on Iran in 2016 has haunted FATF ever since. That decision is about to become a nightmare, says RUSI’s Tom Keatinge.

AML / KYC

EBA Consults on Revised ML/TF Risk Factors Guidelines

By Editors | 07/02/2020

The proposed changes will significantly strengthen Europe’s AML/CFT defences and foster greater convergence of supervisory practices, the EBA says.

AML / KYC

BOT Launches Digital Account Opening Tests at Six Banks

By Editors | 07/02/2020

Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.

AML / KYC

ACAMS Pledges Support for Anti-Slavery & Trafficking Initiative

By Editors | 06/02/2020

ACAMS will encourage financial crime professionals globally to adopt a blueprint for mobilising finance against modern slavery and human trafficking.