AML / KYC

AML / KYC

MAS Closes Book on 1MDB

By Editors | 01/06/2017

Authority issues final fines against Credit Suisse, UOB; bans former employees of now-defunct private banks.

AML / KYC

China Roundup – Financial Inclusion; Account Opening; Trust Lending

By Samuel Riding | 31/05/2017

CBRC clarifies requirements for financial inclusion units; PBOC warns on suspicious transactions.

AML / KYC

Japan FSA Anticipates ‘C2B’ Banking System

By Samuel Riding | 31/05/2017

Commissioner Nobuchika Mori suggests fintech will facilitate provision of ‘bespoke products to mass customers’.

AML / KYC

HK Regulator, Police, Banks Set up Financial Crime Taskforce

By Editors | 28/05/2017

12-month pilot to work on ‘detection, prevention and disruption’; HKMA also joins Financial Security Expert Alliance with PBOC, Macau central bank.

AML / KYC

Unregistered Remittance Operators Jailed in Australia

By Samuel Riding | 25/05/2017

AUSTRAC warns on ‘deliberate and systemic breaches’ of AML/CTF rules.

AML / KYC

China Regulators Confirm Readiness for CRS

By Samuel Riding | 22/05/2017

Six departments including banking and securities regulator confirm 1 July kick-off.

AML / KYC

CBRC Sets out Regulatory Agenda

By Samuel Riding | 18/05/2017

Regulator to look at possible bankruptcy regime for commercial banks, trust management, debt-equity swaps and microfinance.

AML / KYC

Indonesia Ends Banking Secrecy

By Editors | 18/05/2017

Tax authorities can now access accounts held by Indonesian citizens and foreigners.

AML / KYC

SEBI Investigating $5bn Penny Stock Scam

By Samuel Riding | 17/05/2017

Indian securities regulator has been using data analytics and surveillance to identify culprits.