AML / KYC

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.

AML / KYC

Indonesia Fraudsters Forge Central Bank Promissory Notes

By Samuel Riding | 07/09/2016

Forged documents used by fraudsters who promise to help borrowers repay loans early.

AML / KYC

RBI Asked to Establish Information-sharing Mechanism

By Samuel Riding | 06/09/2016

Special Investigation Team on ‘black money’ asks central bank to share information with law enforcement.

AML / KYC

SEBI Eyes KYC System Reform

By Samuel Riding | 05/09/2016

Market intermediaries are having difficulties with centralised system.

AML / KYC

SEBI Uncovers Money Laundering in NSEL Scam

By Samuel Riding | 02/09/2016

Report cites instances of unauthorised modification of unique client codes.

AML / KYC

Banks’ Exit from Emerging Markets Hurting AML, CTF Efforts – FSB

By Samuel Riding | 31/08/2016

Report to G20 says funds are being driven underground; cites failures to initiate derivative market reform in China and Korea.

AML / KYC

APAC Region has World’s Worst Cyber Security, Study Finds

By Samuel Riding | 31/08/2016

Region’s surfeit of financial data one of the main causes of increase in security threats.