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AML / KYC
Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding
By Claus Christensen | 28/11/2018
A digital-first approach to customer onboarding can protect companies from internal delays, customer dissatisfaction, hefty regulatory fines and reputational risk, says Claus Christensen.
AML / KYC
Japan’s MUFG in Ongoing AML Probe by New York Regulators
By Manesh Samtani | 23/11/2018
The probe has been ongoing since late 2017, where MUFG is alleged to have intentionally ignored internal controls meant to prevent it doing business with sanctioned entities.
AML / KYC
OFAC Highlights Potential Gap in Singapore’s Sanctions Regime
By Eric A. Sohn | 15/11/2018
Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.
Market Infrastructure
SWIFT and the Death of Global Financial Regulations
By Peter Guy | 02/07/2018
Intense geopolitical rivalries and new technologies threaten a new Cold War by enabling weaponisation of the international payment system and disruption of the international financial order.
AML / KYC
Maximum Pressure: US, HK Act to Firm Up North Korea Sanctions
By Nick Turner | 25/06/2018
Despite the glad-handing between Donald Trump and Kim Jong-un in Singapore earlier this month, the legal landscape surrounding North Korea sanctions remains unchanged since March 2018. AML (anti-money laundering) risks will remain a focus of attention in Hong Kong and elsewhere.
AML / KYC
Japan FSA Orders Banks to Report on North Korea JVs
By Manesh Samtani | 25/06/2018
All banks and credit unions ordered to provide the details on accounts used by 10 existing Japan-North Korea joint ventures, including details on individuals and entities, assets, employees and transaction records.
AML / KYC
ACAMS 2018: Rising to the Financial Crime Challenge
By Manesh Samtani | 09/05/2018
Recently in Hong Kong, ACAMS brought financial industry participants to discuss action to combat financial crime. Progress on regulation, advancements in technology and FIs’ willingness to do their part are making all the difference.
AML / KYC
ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime
By Manesh Samtani | 26/04/2018
Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to implementing effective AML systems.
AML / KYC
Top PBOC Official Makes AML Powerplay
By Editors | 13/09/2017
Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
Sanctions
Leveraging Technology for Compliance and Performance
By Editors | 19/08/2014
Accuity CEO Hugh Jones describes how advanced systems are revolutionising banks’ ability to meet regulations.
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