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AML / KYC
Liar’s Poker – The 1MDB Version
By Peter Guy | 11/02/2020
1MDB sorely tested principles-based regulation and compliance at Goldman Sachs. But, the bank was likely set up as a victim from the very beginning, says Peter Guy.
AML / KYC
US Treasury Issues 2020 National Strategy for Combatting Illicit Finance
By Editors | 10/02/2020
The document highlights increased transparency, an improved supervisory framework for FIs, and enhanced operational capabilities as three strategic priorities for the US AML/CFT regime.
AML / KYC
RUSI-ACAMS Survey Reveals Proliferation Finance Implementation Gaps
By Manesh Samtani | 08/02/2020
A global survey of sanctions professionals reveals a lack of industry awareness of proliferation finance risks, and a lack of focus on this area in compliance programmes.
AML / KYC
Between a Rock and a Hard Place: FATF Faces an Iranian Crunch
By Tom Keatinge | 07/02/2020
A well-intentioned decision on Iran in 2016 has haunted FATF ever since. That decision is about to become a nightmare, says RUSI’s Tom Keatinge.
AML / KYC
EBA Consults on Revised ML/TF Risk Factors Guidelines
By Editors | 07/02/2020
The proposed changes will significantly strengthen Europe’s AML/CFT defences and foster greater convergence of supervisory practices, the EBA says.
AML / KYC
BOT Launches Digital Account Opening Tests at Six Banks
By Editors | 07/02/2020
Six banks will open online deposit accounts digitally, using facial recognition to verify customer identities against information held in the new National Digital ID platform.
AML / KYC
ACAMS Pledges Support for Anti-Slavery & Trafficking Initiative
By Editors | 06/02/2020
ACAMS will encourage financial crime professionals globally to adopt a blueprint for mobilising finance against modern slavery and human trafficking.
AML / KYC
US Law Firms Launch New Class Actions Against Westpac
By Editors | 04/02/2020
The class actions seek damages for investors who lost money on Westpac ADRs following the civil penalty orders filed against the bank by AUSTRAC last November.
AML / KYC
OCBC Speeds Up Criminal Probes Through Automated System ‘POET’
By Editors | 03/02/2020
‘POET’ digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.
AML / KYC
BNM Publishes Consultation Response on New AML/CFT Framework
By Editors | 03/02/2020
BNM will publish further guidance on the methods used for verifying customer and beneficial owner information and for authenticating their documents.
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