AML / KYC

AML / KYC

US Removes Myanmar Banks from Blacklist

By Samuel Riding | 18/05/2016

OFAC also adds two lenders to general license, says ‘most transactions’ involving all Burmese FIs now authorised.

AML / KYC

HSBC Accepts ASIC Undertaking on Structured Product Sales

By Samuel Riding | 18/05/2016

Bank required to remediate clients who may have received ‘deficient advice’.

AML / KYC

JP Morgan Restricts SWIFT Access

By Samuel Riding | 18/05/2016

Bank takes precaution after security breaches related to Vietnam and Bangladesh banks.

AML / KYC

HK Banks Should ‘Gold-plate’ Anti-Bribery Efforts – Eversheds

By Samuel Riding | 11/05/2016

Law firm uses JP Morgan ‘princelings’ case to illustrate need to benchmark against highest global standards.

AML / KYC

PBOC to Revamp Credit Reference System

By Samuel Riding | 10/05/2016

Central bank to increase personal data protection, strengthen rules on information sharing.

AML / KYC

Singapore Banks Eye AML Cooperation

By Samuel Riding | 09/05/2016

DBS, OCBC and UOB in talks on shared information system.

AML / KYC

Taiwan Busts Bitcoin Laundering Ring

By Samuel Riding | 09/05/2016

Group suspected of using online bitcoin platform to launder millions of RMB.

AML / KYC

HSBC Appeals Mis-selling Fine

By Samuel Riding | 05/05/2016

Private banking unit was hit with HKD605mn SFC fine in July 2015.

AML / KYC

Australia Launches Tax Disclosure Consultation

By Samuel Riding | 04/05/2016

Government recommends adoption of OECD mandatory disclosure rules on base erosion, profit shifting.