AML / KYC

AML / KYC

Bangladesh Warns on Use of Digital Hundi

By Samuel Riding | 06/01/2017

Intelligence report finds 15 unauthorised mobile applications used for illegal form of money transfer.

AML / KYC

SFC Bans Ex-Citibank Staff for Tampering with Client Signature

By Samuel Riding | 06/01/2017

Regulator says former employee attempted to deceive bank on client application.

AML / KYC

Former Falcon Manager in Court on 1MDB Charges

By Samuel Riding | 06/01/2017

Jens Sturzenegger the first foreigner to be prosecuted in relation to the affair.

AML / KYC

Taiwan to Beef Up AML System Before APG Evaluation

By Samuel Riding | 05/01/2017

Move aims to avoid restrictions on Taiwan’s overseas financial institutions.

AML / KYC

Pakistan to Enhance Enforcement in 2017

By Samuel Riding | 03/01/2017

SECP chairman says to also prioritise ease of doing business and regulatory framework development.

AML / KYC

China Tightens Trust Company Regulation

By Samuel Riding | 03/01/2017

Trusts have been used as alternative financing channel for companies.

AML / KYC

China Tightens Transaction Reporting Rules

By Samuel Riding | 03/01/2017

Large transaction reporting threshold reduced to $7,200.

AML / KYC

Taiwan Signs up to FATCA

By Samuel Riding | 03/01/2017

Previously only reported number of clients and total amount held in Taiwanese accounts.

AML / KYC

Philippine SEC Seeks Banking Secrecy Exemption

By Samuel Riding | 28/12/2016

Secrecy law is the only issue preventing regulator from joining IOSCO.