AML / KYC

AML / KYC

China, Cambodia Ink AML/CTF MOU

By Samuel Riding | 09/09/2016

Cambodia ranks 6th globally for susceptibility to money laundering, terrorist financing.

AML / KYC

Taiwan Toughens Derivative Account Rules

By Samuel Riding | 09/09/2016

Applications for retail and institutional client accounts require central bank approval.

AML / KYC

HKMA Warns of Excessive Due Diligence

By Samuel Riding | 09/09/2016

Authority says some KYC/AML measures ‘disproportionate’; looking at KYC utilities to ease regulatory burden.

AML / KYC

Ease AML/CTF Regulations for Low-value Transactions: Brookings

By Samuel Riding | 08/09/2016

Influential think-tank suggests some regulations could be eased to support financial inclusion.

AML / KYC

Australia Exempts Some Trusts from AML/CTF Law

By Samuel Riding | 08/09/2016

Exemptions apply to licensed trustees appointed under a will, power of attorney, or to act for incapacitated clients.

AML / KYC

Philippines Considering Repeal of Bank Secrecy Laws

By Samuel Riding | 07/09/2016

Philippines and Lebanon the only countries which still have such laws in place.

AML / KYC

Indonesia Fraudsters Forge Central Bank Promissory Notes

By Samuel Riding | 07/09/2016

Forged documents used by fraudsters who promise to help borrowers repay loans early.

AML / KYC

RBI Asked to Establish Information-sharing Mechanism

By Samuel Riding | 06/09/2016

Special Investigation Team on ‘black money’ asks central bank to share information with law enforcement.

AML / KYC

SEBI Eyes KYC System Reform

By Samuel Riding | 05/09/2016

Market intermediaries are having difficulties with centralised system.