AML / KYC

AML / KYC

HK SFC Sees Criminal Charges Surge

By Editors | 07/12/2017

Securities regulator laid 42 charges in 6 months to end-September this year, up 180% from same period in 2016, but commenced far fewer investigations.

AML / KYC

HK SFC, CSRC Agree Investor ID System for Northbound Stock Connect

By Editors | 04/12/2017

SFC says Northbound scheme will be followed by Southbound investor identification, eventually spread to all SEHK investors.

AML / KYC

Report Sets out Macau AML/CTF Weaknesses

By Editors | 03/12/2017

Asia Pacific Group says authorities have not yet grasped cross-border AML risks, but praises use of intelligence to produce suspicious transaction reports.

AML / KYC

China Micro-lenders Ordered to Halt Business

By Editors | 27/11/2017

Murkiest of shadow banking sectors has extended short term credit of more than $150bn; extremely high rates, collection methods have led to ‘social problems’.

AML / KYC

Singapore, Abu Dhabi to Cooperate on Banking Supervision, Markets, Fintech

By Editors | 27/11/2017

Middle Eastern regulator has already approved one Singapore firm to provide credit services; Singapore firm won Fintech challenge.

AML / KYC

Bank Officials Involved in Majority of Online Banking Forgeries in Bangladesh

By Garima Chitkara | 23/11/2017

A Bangladesh Institute of Bank Management survey has found that bank officials are directly involved in 67 per cent of online banking forgeries in collusion with IT firms.

AML / KYC

Southeast Asia CTF Group Established

By Editors | 23/11/2017

Group led initially by AUSTRAC and Philippines Anti-Money Laundering Council aims to disrupt sources of funding, movement and use of funds.

AML / KYC

The Challenges for Offshore Banks Onboarding China’s HNWIs

By Appway | 20/11/2017

Digital onboarding can help banks provide a superior customer experience, guarantee AML compliance and improve internal efficiency.