AML / KYC
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45ACAMS 2018: HKMA Calls on Financial Industry in Fight Against Crime
Manesh Samtani, Regulation Asia April 26, 2018Deputy chief Arthur Yuen highlighted technological innovation, increased information sharing and the application of a risk-based approach as the key issues to...
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10Bangladesh Banks Raise Concern on Trade-based Money Laundering
Garima Chitkara, Regulation Asia April 26, 2018Trade-based money laundering is a source of concern for banks, according to a just released survey by the Bangladesh Institute of Bank...
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21RBI Updates KYC Guidance to Include Aadhar, Taxpayer Numbers
Editors, Regulation Asia April 25, 2018Accounts opened without new documentary requirements will have severe restrictions in place including a INR50,000 maximum balance and monitoring to prevent foreign...
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27Sri Lanka Affirms Commitment to Preventing Financial Crime
Editors, Regulation Asia April 23, 2018As the country looks to increase grass-roots access to finance, it will require greater engagement with the international financial community, requiring greater...
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28Banks Should Implement Wolfsberg KYC Initiative – MAS
JP Reimann, Regulation Asia April 23, 2018MAS urges Singaporean banks to incorporate Wolfsberg due diligence questionnaire in risk assessment processes relating to correspondent banking relationships.
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52Taiwan to Release AML Crypto Regulations This Year
JP Reimann, Regulation Asia April 23, 2018Cryptocurrencies to be regulated under new AML rules before a bilateral AML evaluation by APG in November; banks ordered to label crypto...
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43Self-Regulatory Framework Proposed for Korea’s Crypto Exchanges
JP Reimann, Regulation Asia April 19, 2018Framework proposed by Korean Blockchain Association proposes includes $1.8mn minimum equity capital, five year storage of transaction records , ethical charter to...
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31Philippines Targets Retail Finance Digitalisation
Garima Chitkara, Regulation Asia April 19, 2018BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the...
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37HK Banks Introducing Biometrics Expected to Comply With IT Upgrade Guidelines
JP Reimann, Regulation Asia April 17, 2018Secretary for Financial Services and the Treasury expects banks to comply with requirements of HKMA personal data privacy ordinance.
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181Outsourcing Compliance and Cybersecurity is Increasingly Risky Business
Peter Guy, Regulation Asia April 16, 2018Recent FCA case highlights cost of mismanaged outsourcing. Potential IT problems are brewing for private equity GPs too as big deals systemically...
