AML / KYC

AML / KYC

Australia Makes Cryptocurrencies ‘Equivalent to Cash’ for AML/CTF Purposes

By Editors | 11/12/2017

**Australia joins Japan in recognising cryptocurrencies as a store of value, international transactions of $7,500 or more must be reported.
**

AML / KYC

What You Need to Know About MiFID II Product Governance Requirements

By Samuel Riding | 07/12/2017

With less than a month to go before the MiFID II comes into effect, Vijay Chander, executive director for Fixed […]

AML / KYC

Don’t Panic – MiFID II Set for ‘Soft’ Launch

By Samuel Riding | 07/12/2017

Experts say regulators likely to accept a ‘best efforts’ approach for at least several weeks after MiFID II official implementation deadline.

AML / KYC

EU Blacklists S.Korea, Macau Tax Regimes; HK on ‘Greylist’

By Garima Chitkara | 07/12/2017

HK on ‘greylist’; Macau, S.Korea, on blacklist with the latter said to operate a ‘harmful preferential tax regime’ for the wealthy, companies.

AML / KYC

HK SFC Sees Criminal Charges Surge

By Editors | 07/12/2017

Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.

AML / KYC

HK SFC, CSRC Agree Investor ID System for Northbound Stock Connect

By Editors | 04/12/2017

SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.

AML / KYC

Report Sets out Macau AML/CTF Weaknesses

By Editors | 03/12/2017

Asia Pacific Group says authorities have not yet grasped cross-border AML risks, but praises use of intelligence to produce suspicious transaction reports.

AML / KYC

China Micro-lenders Ordered to Halt Business

By Editors | 27/11/2017

Murkiest of shadow banking sectors has extended short term credit of more than $150bn; extremely high rates, collection methods have led to ‘social problems’.

AML / KYC

Singapore, Abu Dhabi to Cooperate on Banking Supervision, Markets, Fintech

By Editors | 27/11/2017

Middle Eastern regulator has already approved one Singapore firm to provide credit services; Singapore firm won Fintech challenge.