AML / KYC

    AML / KYC

    China Joins Stampede to Regulate ICOs

    By Samuel Riding | 31/08/2017

    Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.

    AML / KYC

    HK SFC, Police Join Forces to Combat Financial Crime

    By Samuel Riding | 29/08/2017

    Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.

    AML / KYC

    Australian Regulator Launches CBA Inquiry

    By Samuel Riding | 29/08/2017

    APRA inquiry to look at whether governance, culture and accountability frameworks conflict with ‘sound risk management and compliance outcomes’.

    AML / KYC

    Lawyers Seek to Sue Bank for Share Price Drop after AML Revelations

    By Editors | 24/08/2017

    Firms claim share price would not have suffered as precipitous a decline if claims of money laundering had been revealed earlier.

    AML / KYC

    Australia Signals Currency Status, AML Clampdown for Bitcoin

    By Samuel Riding | 21/08/2017

    Cryptocurrency to be brought under AUSTRAC; proposal to follow Japan in giving bitcoin legal tender status being considered by central bank.

    Enforcement

    Indian Brokers’ AML Compliance Under Heightened Scrutiny

    By Editors | 20/08/2017

    SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.

    AML / KYC

    Philippines Removed from AML/CTF Blacklist

    By Samuel Riding | 16/08/2017

    Asia / Pacific Group also removes Pakistan, Taiwan and Vietnam from list of closely monitored countries after improvements in AML/CTF regimes.

    AML / KYC

    Pakistan’s Central Bank Releases Compliance Risk Management Guidelines

    By Garima Chitkara | 10/08/2017

    State Bank of Pakistan guidelines to promote a “compliance culture” in banks and encourage the adoption of a risk-focused approach to compliance.

    AML / KYC

    HKMA Collecting UnionPay ATM Withdrawal Data

    By Garima Chitkara | 10/08/2017

    Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.

    AML / KYC

    A Front Line Out of Control

    By Peter Guy | 07/08/2017

    Conduct and regulatory risks continue to mount as China’s crackdown on corruption puts pressure on private banks and wealth managers.

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