AML / KYC

Enforcement

ASIC Flags Fund Manager Compliance Failures

By Editors | 15/06/2017

ASIC (the Australian Securities and Investments Commission) issued recommendations to improve conduct in the funds management sector, citing several failures […]

AML / KYC

Asian Institutions Concerned by China Corruption – Report

By Editors | 15/06/2017

A survey on global corruption by advisory firm AlixPartners found China remains one of the riskiest countries in which to […]

AML / KYC

HK Brokers’ Operations Halted for Allegedly Handling Proceeds of Crime

By Editors | 13/06/2017

Hong Kong’s SFC (Securities and Futures Commission) issued a restriction notice on a foreign exchange broker amid concerns money it […]

AML / KYC

Pakistan PM to Attend Panama Papers Inquiry

By Editors | 12/06/2017

A joint investigation team probing least year’s Panama Papers revelations called on Pakistan’s Prime Minister Nawaz Sharif to answer questions […]

AML / KYC

BCBS Updates Correspondent Banking AML/CTF Guidelines

By Editors | 08/06/2017

BCBS (the Basel Committee on Banking Supervision) issued revised guidelines on AML/CTF (anti-money laundering/countering terrorist financing) measures in correspondent banking […]

AML / KYC

MAS Issues Retail Derivative, OTC Licensing Consultations

By Samuel Riding | 01/06/2017

Stiffer requirements for retail dealing in unlisted derivatives; licensing exemption for remote clearing members.

AML / KYC

MAS Closes Book on 1MDB

By Editors | 01/06/2017

Authority issues final fines against Credit Suisse, UOB; bans former employees of now-defunct private banks.

AML / KYC

China Roundup – Financial Inclusion; Account Opening; Trust Lending

By Samuel Riding | 31/05/2017

CBRC clarifies requirements for financial inclusion units; PBOC warns on suspicious transactions.

AML / KYC

Japan FSA Anticipates ‘C2B’ Banking System

By Samuel Riding | 31/05/2017

Commissioner Nobuchika Mori suggests fintech will facilitate provision of ‘bespoke products to mass customers’.