AML / KYC

    AML / KYC

    Malaysian Central Bank to ‘Name and Shame’ Rulebreakers

    By Editors | 09/10/2017

    Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.

    AML / KYC

    Standard Chartered Guernsey-Singapore Transfers Under Investigation

    By Editors | 09/10/2017

    Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.

    AML / KYC

    Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime

    By Editors | 05/10/2017

    Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.

    AML / KYC

    China Raises AML Concerns About Non-financial Sectors

    By Editors | 05/10/2017

    PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.

    AML / KYC

    Chinese Money Laundering or Capital Transfer – ‘Vive la Différence’

    By Editors | 02/10/2017

    Financial technology and digital payment systems are abetting the greatest money laundering campaign in the history of finance.

    AML / KYC

    HKMA Launches Smart Banking Initiative Including Enhanced Sandbox

    By Samuel Riding | 29/09/2017

    In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.

    AML / KYC

    Japan FSA to Trial Blockchain KYC

    By Editors | 25/09/2017

    Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.

    AML / KYC

    AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia

    By Editors | 18/09/2017

    Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.

    AML / KYC

    Indonesia Tightens AML Rules to Address Fintech Complexity

    By Editors | 14/09/2017

    Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.

    AML / KYC

    Hong Kong’s Changing AML Landscape

    By Kane Mak | 13/09/2017

    AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.

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