ADVERTISEMENT
AML / KYC
Sri Lanka Shortlists Three Firms to Build Shared KYC Facility
By Duruthu E Chandrasekera | 07/07/2020
The three shortlisted firms, including one from Sweden, will begin work on a proof-of-concept, which is expected to be completed in six to nine months.
AML / KYC
Using Privacy Preserving Analysis to Tackle Financial Crime
By Manesh Samtani | 07/07/2020
Privacy enhancing technologies, or PETs, may provide a “similar or, even, identical utility” compared to analysis of the raw data in some use-cases, says an FFIS paper.
AML / KYC
CBIRC Discloses List of ‘Illegal Shareholders’ of Banks, Insurers
By Editors | 06/07/2020
20 of the 38 companies on the list are linked to either Baoshang Bank or Anbang Insurance, which both needed a state bailout in recent years.
AML / KYC
S. Korea Approves Use of Biometrics for Digital Identification
By Editors | 06/07/2020
Korea’s Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
AML / KYC
Spanish Court Penalises Four ICBC Employees for AML Violations
By Editors | 06/07/2020
Criminal groups deposited millions of euros cash into accounts at ICBC Spain using split payments, in-house accounts and false identity documents to evade detection.
AML / KYC
Global Banks Seek Clarity on ‘Hong Kong Autonomy Act’
By Editors | 05/07/2020
Under the legislation, banks can be penalised for conducting a ‘significant transaction’ with Chinese individuals or entities named as having contributed to the erosion of Hong Kong’s autonomy.
AML / KYC
Singapore Authorities Probe Two Companies with Wirecard Links
By Editors | 04/07/2020
Citadelle Corporate Services is said to have handled Wirecard monies without a trust business licence. Senjo Group is said to have falsified accounts.
AML / KYC
Taiwan Financial Firms Call for KYC Rule Changes
By Editors | 04/07/2020
Taiwanese financial firms are asking the FSC to allow identity authentication methods other than the unwieldy government-issued Citizen Digital Certificates.
AML / KYC
Economic Downturn Presents Opportunities for Corporate Fraud
By Chris Fordham | 03/07/2020
Drawing from the Fraud Triangle Theory, Alvarez & Marsal’s Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.
AML / KYC
Automatic Exchange Uncovers €10tr in Offshore Accounts in 2019
By Editors | 02/07/2020
The automatic exchange of information by tax authorities in nearly 100 countries uncovered data on 84 million accounts held offshore in 2019.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.