AML / KYC

    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.

    AML / KYC

    Bank of Ayudhya Uses Facial Recognition in Account Opening

    By Editors | 12/03/2019

    Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.

    AML / KYC

    APRA, AUSTRAC to Engage Regtechs on Solution Development

    By Editors | 08/03/2019

    APRA and AUSTRAC plan to directly engage and share information with regtech firms to aid in their development of solutions that can help regulated entities comply with reporting obligations.

    AML / KYC

    FATF Gets Tough on Virtual Assets and Their Service Providers

    By ComplyAdvantage | 27/02/2019

    If the FATF Interpretive Note is adopted, virtual assets and their service providers could fall under the same level of regulatory scrutiny as seen in traditional banking, says ComplyAdvantage.

    AML / KYC

    RBI Extends KYC Compliance Deadline for e-Wallet Firms

    By Editors | 27/02/2019

    Following months of intense lobbying by e-wallet providers, the RBI has extended the deadline for completion of KYC processes by six months.

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