AML / KYC

AML / KYC

Indonesia Tax Amnesty Expected to Net $346bn

By Samuel Riding | 05/10/2016

Singapore the largest source of assets from overseas including property, gold and land.

AML / KYC

Taiwan FSC Chairman Steps Down Amid Mega Scandal

By Samuel Riding | 04/10/2016

FSC vice chairman also quits, chairman to be replaced by Huang Tien-mu.

AML / KYC

SFC Clarifies Broker Requirements

By Samuel Riding | 03/10/2016

Clarification follows unusual step of public warning on internal AML controls.

AML / KYC

US Regulator Finds Lapses at Another Mega Bank Branch

By Samuel Riding | 03/10/2016

Mega Bank now under scrutiny for suspect transactions between Chicago and Panama.

AML / KYC

BCBS Confirms Leave from Basel to Support Financial Inclusion

By Samuel Riding | 28/09/2016

Committee confirms institutions can be compliant with its Core Principles without implementing Basel I, II or III.

AML / KYC

Singapore has Strong AML, CTF Framework—FATF

By Samuel Riding | 28/09/2016

But assessment report warns of need to enhance supervision of all financial institutions.

AML / KYC

Accuity Adds Beneficial Ownership Identification to Bankers Almanac

By Samuel Riding | 28/09/2016

Function identifies beneficial ownership interests of 0.1% or more versus regulatory thresholds of 10% or 20%.

AML / KYC

Emerging Asia Heads Decline in Banks’ Relevance – EY

By Samuel Riding | 27/09/2016

Lack of trust one of the main factors turning consumers away from traditional banks, report suggests.

AML / KYC

China Probes N.Korean Bank for Sanctions Busting

By Samuel Riding | 27/09/2016

Branch of Kwangson Bank should have been closed down under UN resolution, but continued to operate.