AML / KYC

AML / KYC

No Privacy in Paradise

By Peter Guy | 13/11/2017

Look beyond the lurid financial gossip and the Paradise Papers show how technology is opening the banking system to scrutiny.

AML / KYC

Korean Firms Launch ‘World 1st’ Blockchain-based Authentication

By Garima Chitkara | 09/11/2017

Financial Investment Association says Chain ID is a world first, authentication only has to be performed once every three years.

Capital / Liquidity

FSB Reports on ‘Rise of the Financial Machines’, Backs Regtech

By Samuel Riding | 02/11/2017

Report suggests AI and machine learning could create new systemically important players, warns on opacity, audit difficulty.

AML / KYC

Guangdong, HK to Boost Financial Cooperation

By Editors | 30/10/2017

Governments to relax restrictions on cross-border business operations and boost RMB flows; cooperate further on fintech and green finance.

AML / KYC

Philippines to Ease Forex Rules, Ending Registration System

By Editors | 30/10/2017

Central bank governor says rules will be relaxed so inbound investment, private sector foreign currency borrowing require reporting, not registration.

AML / KYC

RBI Confirms ID-Bank Account Link Compulsory, to Create Public Credit Registry

By Editors | 25/10/2017

Central bank says Aadhar cards must be linked to bank account; proposed credit registry to be open to ‘all stakeholders’.

AML / KYC

ASIC to Seek 10-year Sentences for Corporate Criminals

By Editors | 25/10/2017

Securities regulator says current maximum punishments are not sufficient as they don’t wipe out gains made from illicit activity.

AML / KYC

Taiwan FSC to Establish Platform for Information Security

By Editors | 19/10/2017

Order issued after reports that hackers breached bank’s online transaction system and stole $60mn which was distributed via SWIFT.

AML / KYC

Dangers in Banks Supply Chain Facilitation

By JP Reimann | 19/10/2017

Why supporting supply chain activity could be a regulatory and reputational minefield for banks.