ADVERTISEMENT
AML / KYC
ICMA Issues Guidance on Repo Trades Impacted by Sanctions
By Manesh Samtani | 27/04/2022
ICMA provides guidance on handling situations where counterparties may fail to deliver collateral securities due to the imposition of sanctions.
AML / KYC
FIs Must Continue to Innovate Approach to AML: HKMA
By Manesh Samtani | 27/04/2022
Executive director Carmen Chu says work is underway to update HKMA’s guidance on name screening, transaction monitoring and suspicious transaction reporting.
AML / KYC
China UnionPay to Halt Operations in Russia
By Editors | 27/04/2022
UnionPay has reportedly halted negotiations with Russian banks on issuing new bank cards for their customers to avoid possible sanctions.
AML / KYC
BSP Directs FIs to Implement Controls Against Cyber Fraud
By Editors | 26/04/2022
The recommended control measures include the removal of clickable links in emails and SMS and customer notifications for fund transfers and contact information changes.
AML / KYC
China Proposes to Enhance Licencing System for Dual-use Goods
By Darien Choong | 26/04/2022
The draft regulations are aimed at fulfilling China’s international obligations on non-proliferation and addressing the fragmented structure of the existing rule system for export controls.
AML / KYC
AMLC Philippines Launches Review of Sanctions Screening Practices
By Editors | 26/04/2022
The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.
AML / KYC
RBI Expands LEI Requirements for Corporate Borrowers
By Manesh Samtani | 26/04/2022
The RBI has prescribed timelines for borrowers with exposure of INR 50 million to obtain an LEI, including customers of NBFCs and UCBs.
AML / KYC
Australia Sanctions More Russian Lawmakers, US Blocks Port Access
By Editors | 26/04/2022
Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.
AML / KYC
PwC Concludes Review of OCBC Anti Fraud Systems
By Ranamita Chakraborty | 26/04/2022
A review of OCBC’s anti-fraud systems and procedures concluded that the bank should take a more “integrated approach” to combat fraud and scams.
AML / KYC
FCA Directs Challenger Banks to Bolster FCC Controls
By Editors | 26/04/2022
The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team