AML / KYC

AML / KYC

Fraud Allegations at Australia’s Commonwealth Bank

By Samuel Riding | 04/02/2016

Staff allegedly involved in Ponzi scheme which continued for five years after initial suspicions raised.

AML / KYC

HK, Singapore, Australia Delay UTI Implementation

By Samuel Riding | 02/02/2016

Regulators to await international standards, delay implementation to early 2017.

AML / KYC

Taiwan to ‘Punish’ Banks for Misselling RMB Forwards

By Samuel Riding | 28/01/2016

Citibank and Standard Chartered among nine banks to be censured for inappropriate sales.

AML / KYC

Correspondent Banking KYCC ‘Impossible’ in HK, Singapore – Thomson Reuters

By Samuel Riding | 27/01/2016

Both jurisdictions said unlikely to implement FATF recommendations before the end of this decade.

AML / KYC

Trade Finance De-risking Could Face Legal Challenge – Thomson Reuters

By Samuel Riding | 27/01/2016

Anti-discrimination cases could be brought against banks using AML as ‘excuse’ to stop dealing with certain sectors, report says.

AML / KYC

Bank of China Hit by US Enforcement Action

By Samuel Riding | 22/01/2016

US currency comptroller’s action relates to deficiencies in currency transaction controls.

AML / KYC

Thailand Launches Crowdfunding Consultation

By Samuel Riding | 20/01/2016

Securities regulator seeks feedback on managing conflicts of interest and compliance monitoring systems.

AML / KYC

China, Switzerland to Cooperate on ‘Stolen Assets’

By Samuel Riding | 18/01/2016

Foreign ministers also agree judicial assistance deal, cooperation on anti-corruption and finance work prior to G20 summit.

AML / KYC

Fenergo, Markit and kyc.com Ink Strategic Deal

By Samuel Riding | 14/01/2016

Companies to work on integration of counterparty manager, client lifecycle and data management solutions.