AML / KYC

AML / KYC

RBI Tells Banks to Implement Cybersecurity Plans

By Samuel Riding | 03/06/2016

Financial institutions told to put plans in place immediately, categorise their level of risk.

AML / KYC

Guotai Junan Fined for Breaching Client ID Rule

By Samuel Riding | 31/05/2016

SFC says securities firm took more than six months to comply with two-day disclosure rule.

AML / KYC

SWIFT to Reinforce Security

By Samuel Riding | 25/05/2016

Messaging service has had security questioned since Bangladesh Bank scandal.

AML / KYC

MAS Orders Branch of Swiss Private Bank to Shut Down

By Samuel Riding | 24/05/2016

Regulator says bank involved in Singapore’s ‘worst case of control lapses and gross misconduct’.

AML / KYC

SFC to Consult on Investor Identity Disclosure

By Samuel Riding | 23/05/2016

Brokers could be required to disclose identities of individuals making equity trades.

AML / KYC

Compliance Costs to Dominate APAC Wealth Management Budgets – EY

By Samuel Riding | 19/05/2016

Consultant’s first APAC data shows compliance much more of a concern than in other regions.

AML / KYC

US Removes Myanmar Banks from Blacklist

By Samuel Riding | 18/05/2016

OFAC also adds two lenders to general license, says ‘most transactions’ involving all Burmese FIs now authorised.

AML / KYC

HSBC Accepts ASIC Undertaking on Structured Product Sales

By Samuel Riding | 18/05/2016

Bank required to remediate clients who may have received ‘deficient advice’.

AML / KYC

JP Morgan Restricts SWIFT Access

By Samuel Riding | 18/05/2016

Bank takes precaution after security breaches related to Vietnam and Bangladesh banks.