AML / KYC

    AML / KYC

    FATF to Study Unintended Consequences of the FATF Standards

    By Editors | 18/03/2021

    The project will study issues such as de-risking, financial exclusion, the suppression of the NPO sector and threats to fundamental human rights.

    AML / KYC

    SFC Fines Yardley Securities for AML/CFT Breaches

    By Editors | 17/03/2021

    Yardley Securities processed and approved third party fund transfers without proper due diligence. Staff were not aware their employer had an MLRO.

    AML / KYC

    UPDATED – US Federal Judge Lifts Investment Ban Against Xiaomi

    By Manesh Samtani | 17/03/2021

    The judge said there was no evidence of Xiaomi sharing information with the Chinese government, and that the ban deprived the company of its right to due process.

    AML / KYC

    Fintel Alliance Secures Win Against ‘Cuckoo Smurfing’ Syndicate

    By Ranamita Chakraborty | 16/03/2021

    ANZ’s link analysis capability allowed the rapid interrogation of combined banking datasets, which led to the arrests of five individuals involved in an international cuckoo smurfing syndicate.

    AML / KYC

    HK, China Working to Simplify Cross-border Account Opening

    By Editors | 15/03/2021

    Regulators are reportedly working to simplify cross-border bank account opening processes to facilitate the launch of Wealth Management Connect.

    AML / KYC

    SFC Fines Sino-Rich Securities & Futures for AML Breaches 

    By Editors | 15/03/2021

    Sino-Rich Securities & Futures routinely processed 238 cash deposits and 269 third party transfers without adequate AML/CTF controls in place.

    AML / KYC

    FATF, Egmont Group Identify 35 Indicators of TBML Risk

    By Manesh Samtani | 14/03/2021

    The indicators are grouped into four categories: the structure of the business, trade activity, trade documents and commodities, and account and transaction activity.

    AML / KYC

    APRA Ends Westpac Probe into Possible Banking Law Breaches

    By Editors | 14/03/2021

    The investigation did not find evidence of breaches of the Banking Act or the BEAR, according to APRA Deputy Chair John Lonsdale.

    AML / KYC

    Thailand to Launch Standard Form for Capital Market Access

    By Editors | 13/03/2021

    From 1 July, all intermediaries will use a standard form for account opening, providing investors easier access to stocks, debt instruments, mutual funds and derivatives.

    AML / KYC

    SEBI Rolls Out KYC Registry Extension to Legal Entities

    By Editors | 13/03/2021

    Regulated entities are directed to upload KYC data for accounts of legal entities to the Central KYC Registry.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.