SANCTIONS

    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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