AML / KYC

AML / KYC

HK SFC Forms Specialist Teams for Key Risk Areas

By Samuel Riding | 10/11/2016

Temporary teams will cover IPO misconduct, misconduct on GEM; AML/KYC, and mis-selling.

AML / KYC

India Flushes Out Fake Notes in Overnight Gambit

By Samuel Riding | 09/11/2016

Current series of ₹1,000 and ₹500 notes cancelled overnight; ₹2,000 to be introduced.

AML / KYC

Agricultural Bank of China Fined $215mn in New York

By Samuel Riding | 07/11/2016

Bank alleged to have hidden transactions passing through a branch.

AML / KYC

AUSTRAC to Assist Fintech Firms on AML, CTF

By Samuel Riding | 07/11/2016

New site will inform firms on AML, CTF issues; enable direct contact with regulator.

AML / KYC

S.Korea, Oman Boost Regulatory Cooperation

By Samuel Riding | 07/11/2016

Agreement will bolster both countries regulatory system and financial markets.

AML / KYC

Bangladesh to Get $15mn of Heist Money Back This Week

By Samuel Riding | 07/11/2016

A further $30mn which found its way to a casino’s accounts is expected to follow.

AML / KYC

Australia, China Join Forces on AML/CTF

By Samuel Riding | 03/11/2016

Agreement boosts jurisdictions’ analytical capacity and enforcement to combat illicit funding.

AML / KYC

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

By Samuel Riding | 02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.

AML / KYC

Indonesia Tightens Forex Reporting Requirements

By Samuel Riding | 02/11/2016

Banks must detail purposes of outbound transfers of more than $100,000.