AML / KYC

AML / KYC

Pakistan to Enhance Enforcement in 2017

By Samuel Riding | 03/01/2017

SECP chairman says to also prioritise ease of doing business and regulatory framework development.

AML / KYC

China Tightens Trust Company Regulation

By Samuel Riding | 03/01/2017

Trusts have been used as alternative financing channel for companies.

AML / KYC

China Tightens Transaction Reporting Rules

By Samuel Riding | 03/01/2017

Large transaction reporting threshold reduced to $7,200.

AML / KYC

Taiwan Signs up to FATCA

By Samuel Riding | 03/01/2017

Previously only reported number of clients and total amount held in Taiwanese accounts.

AML / KYC

Philippine SEC Seeks Banking Secrecy Exemption

By Samuel Riding | 28/12/2016

Secrecy law is the only issue preventing regulator from joining IOSCO.

AML / KYC

HK SFC Clarifies Product Suitability Requirements

By Samuel Riding | 28/12/2016

Advertisements, research reports may not trigger obligations if no direct communication with client.

AML / KYC

Pakistan Moots Demonetisation

By Samuel Riding | 23/12/2016

Move would ‘reduce illicit money inflow, and reduce the size of undocumented economy’.

AML / KYC

Ex-BSI Banker Jailed for 30 Months

By Samuel Riding | 23/12/2016

Yeo Jiawei said to have had working relationship with Jho Low; faces another 7 charges next year.

AML / KYC

RBI Backtracks on Demonetisation Deposit Limits

By Samuel Riding | 22/12/2016

Central bank says depositors will not be interrogated so long as accounts are KYC compliant.