AML / KYC

AML / KYC

HK SFC Fines Brokerage $335,000 for 300 AML Failures

By Samuel Riding | 15/03/2017

Zhongtai International breached AML/CTF Ordinance, Code of Conduct and SFC guidance.

Market Infrastructure

India Launches Payment Cybersecurity, KYC Consultation

By Samuel Riding | 10/03/2017

Electronic pre-paid payment instrument issuers required to establish information security, privacy policy.

AML / KYC

Philippines to Allow ‘Video Messaging’ KYC

By Samuel Riding | 10/03/2017

BSP deputy governor says new rules will ease banking access in rural areas.

AML / KYC

AUSTRAC Flags AML/CTF Compliance Weaknesses

By Samuel Riding | 09/03/2017

Centre identifies failures in risk assessments, outsourcing and governance.

AML / KYC

HK SFC Fines Securities Firm for AML Breaches

By Samuel Riding | 07/03/2017

Firm breached 3 regulations including SFC Code of Conduct.

AML / KYC

US Issues ML, Financial Crimes Report

By Samuel Riding | 07/03/2017

Institutions in 3 Asian countries said to deal in proceeds from drug trafficking that ‘significantly affects’ US.

AML / KYC

Incoming CBRC Chief Eyes ‘Common Regulatory Approach’

By Samuel Riding | 06/03/2017

Guo Shuqing acknowledges confusion created by variety of different laws and regulations.

AML / KYC

Indonesia to Issue CSR Circular by end-March

By Samuel Riding | 06/03/2017

Circular will be followed in May by ‘regulation in lieu of law’ to scrap banking secrecy.

AML / KYC

Australia Launches Public-Private AML/CTF Group

By Samuel Riding | 06/03/2017

Fintel Alliance studying Panama Papers, investigating money laundering ‘mules’; to develop training course.