AML / KYC

AML / KYC

China ICO Ban Isn’t Permanent – State-backed Thinktank Says

By Samuel Riding | 12/09/2017

Researcher at Institute of Finance and Banking says ban is only temporary; previous reports have suggested regulators are working on ICO framework.

AML / KYC

Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures

By Editors | 12/09/2017

Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.

AML / KYC

Philippines Banker Indicted for Bangladesh Heist Role

By Editors | 11/09/2017

Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.

AML / KYC

Malaysia Central Bank to Finalise e-KYC Standards

By Editors | 11/09/2017

BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.

AML / KYC

Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements

By Samuel Riding | 07/09/2017

New regulations will require firms involved in securities and futures markets to set up separate  AML/CTF units, boost FSC inspection powers.

AML / KYC

SEBI Bars 19 Firms for Depository Receipt Market Manipulation

By Editors | 07/09/2017

Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult to raise capital’.

AML / KYC

Top CBRC Adviser Flags Failures to Address Operational Risks

By Samuel Riding | 06/09/2017

CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.

AML / KYC

China Joins Stampede to Regulate ICOs

By Samuel Riding | 31/08/2017

Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.

AML / KYC

HK SFC, Police Join Forces to Combat Financial Crime

By Samuel Riding | 29/08/2017

Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.