AML / KYC

AML / KYC

Dangers in Banks Supply Chain Facilitation

By JP Reimann | 19/10/2017

Why supporting supply chain activity could be a regulatory and reputational minefield for banks.

AML / KYC

India to Allow Currency Hedging by Non-resident Companies

By Samuel Riding | 19/10/2017

RBI (the Reserve Bank of India) will allow central treasuries used by non-resident companies to hedge their rupee currency risk from trade transactions.

AML / KYC

FIs No Longer Have to Verify Client Addresses for AML/CTF – HKMA

By Editors | 12/10/2017

AML/CTF regulations to be changed; banking regulator says any current absence of address verification will be seen as justified.

AML / KYC

Australian Banks Want Fintechs to Pay for ‘Open Banking’

By Samuel Riding | 11/10/2017

Biggest lenders continue to frustrate efforts by authorities to increase competition and throw open door to banking disruptors.

AML / KYC

Hong Kong-China to Share Stock Connect Broker, Trader Names

By Editors | 11/10/2017

SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.

AML / KYC

China Banking Regulator Doubles Down, Again, on Systemic Risk

By Editors | 11/10/2017

CBRC says failure of regulators to identify risks amounts to ‘dereliction of duty’; urges lenders to sort out non-performing loans.

AML / KYC

Communication Breakdown

By Peter Guy | 09/10/2017

WhatsApp et al have widened a grey area in compliance rival financial messaging services are trying to exploit.

Capital / Liquidity

Official Media Confirms China Bitcoin Ban Only Temporary

By Editors | 09/10/2017

Xinhua says authorities will introduce a licensing programme and stricter AML rules for cryptocurrency exchanges; ICOs also to become regulated.

AML / KYC

Thai Banks Join up to Improve Cybersecurity

By Editors | 09/10/2017

Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.