AML / KYC

AML / KYC

Vietnam Bank Supervision Failing, Academic Says

By Samuel Riding | 13/09/2016

Banking Academy deputy director cites supervision failures; suggests sector restructuring did not have desired impact.

AML / KYC

Vietnam Sets up AML/CTF Steering Committee

By Samuel Riding | 12/09/2016

Committee headed by deputy prime minister charged with developing new policies.

AML / KYC

Indonesia Simplifies Account Opening Process

By Samuel Riding | 12/09/2016

New rule relaxes KYC requirements for banking service provision through agents.

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.