AML / KYC
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AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia
Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle...
September 18, 2017 -
Indonesia Tightens AML Rules to Address Fintech Complexity
Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.
September 14, 2017 -
Hong Kong’s Changing AML Landscape
AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.
September 13, 2017 -
Top PBOC Official Makes AML Powerplay
Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
September 13, 2017 -
China ICO Ban Isn’t Permanent – State-backed Thinktank Says
Researcher at Institute of Finance and Banking says ban is only temporary; previous reports have suggested regulators are working on ICO framework.
September 12, 2017 -
Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures
Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.
September 12, 2017 -
Philippines Banker Indicted for Bangladesh Heist Role
Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
September 11, 2017 -
Malaysia Central Bank to Finalise e-KYC Standards
BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come...
September 11, 2017 -
Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements
New regulations will require firms involved in securities and futures markets to set up separate AML/CTF units, boost FSC inspection powers.
September 7, 2017 -
SEBI Bars 19 Firms for Depository Receipt Market Manipulation
Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult...
September 7, 2017