AML / KYC

    AML / KYC

    UN Security Council Resolution Targets Terrorism Financing

    By Editors | 01/04/2019

    The UN Security Council has adopted a resolution calling on member states to beef up efforts to identify, prosecute and penalise those directly or indirectly financing terrorism.

    AML / KYC

    Indonesia Simplifies Stock Account Opening Process

    By Editors | 01/04/2019

    A new simplification programme for opening stock accounts in Indonesia should cut processing times to as little as 30 minutes, from about two weeks previously.

    AML / KYC

    Malaysia Mulls Cash Transaction Limit as AML Measure

    By Editors | 01/04/2019

    Bank Negara Malaysia will conduct a public consultation by Q3 to gather feedback on the implementation of a cash transaction limit, what it should be, and whether it is even desirable.

    AML / KYC

    Philippines to Launch Digital Banking ID Registry This Year

    By Editors | 31/03/2019

    The blockchain powered ID registry will enable electronic KYC and make it easier for clients to access banking services.

    AML / KYC

    HKEX Offers Listing Applicants Guidance on Sanctions Risk

    By Stephen Peepels | 26/03/2019

    International law firm Hogan Lovells says the HKEX guidance provides significant insight into how it will consider international trade and sanctions issues in the context of IPO transactions.

    AML / KYC

    MAS Details Enforcement Outcomes, Priorities in Inaugural Report

    By Manesh Samtani | 20/03/2019

    The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.

    AML / KYC

    BCBS Sets Out Minimum Expectations for Banks Exposed to Crypto

    By Editors | 18/03/2019

    The minimum prudential expectations for banks exposed to crypto-assets relate to due diligence, governance and risk management, public disclosure and supervisory dialogue.

    AML / KYC

    Securities Commission Malaysia Issues Show-cause Notice to Goldman

    By Editors | 15/03/2019

    Malaysia’s securities regulator has reportedly issued a show-cause notice to Goldman Sachs, assumed to be in connection with the multi-billion dollar 1MDB scandal.

    AML / KYC

    Anarchy in the UK’s Sanctions Regime

    By Eric A. Sohn | 13/03/2019

    In light of the OFSI’s recent fine on Raphaels Bank, Eric Sohn at Dow Jones Risk & Compliance looks at other seemingly outsized penalties, and what they could mean.

    AML / KYC

    SEBI’s Meets Opposition from Global Funds on KYC Requirements

    By Editors | 12/03/2019

    Global asset managers have opposed SEBI’s plan to create a centralised database of beneficial owners of foreign portfolio investors.

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