AML / KYC

    AML / KYC

    US Justice Dept Publishes Cryptocurrency Enforcement Framework

    By Editors | 13/10/2020

    The framework provides a detailed threat overview, cataloging the three categories into which most illicit uses of cryptocurrency typically fall.

    AML / KYC

    FSB Publishes Roadmap on Enhancing Cross-Border Payments

    By Editors | 13/10/2020

    The roadmap seeks to address key challenges faced in cross-border payments including high costs, low speed, limited access and insufficient transparency.

    AML / KYC

    RegTech Asia 2020: The Evolution of Typologies

    By Editors | 12/10/2020

    How have financial crime typologies been evolving in recent years, and how are they being used by financial institutions to combat crime?

    AML / KYC

    RegTech Asia 2020: The Future of AML & Fraud Case Management

    By Editors | 11/10/2020

    How can current practices in AML and fraud case management and investigations be enhanced with technology and data for better, faster outcomes?

    AML / KYC

    US Imposes Sanctions Against 18 Iranian Banks

    By Editors | 11/10/2020

    FIs transacting with the sanctioned banks after a 45-day wind-down period may expose themselves to secondary sanctions or be subject to an enforcement action, Treasury said.

    AML / KYC

    AUSTRAC Publishes Financial Crime Guide on Illegal Wildlife Trade

    By Manesh Samtani | 11/10/2020

    The guide offers indicators FIs can use in profiling and transaction monitoring to target, identify and stop financial transactions associated with illegal wildlife trafficking.

    AML / KYC

    Hong Leong Bank Launches Digital Account Opening

    By Editors | 08/10/2020

    Hong Leong has become the first Malaysia bank to launch “fully digital” account opening, just three months after BNM’s new e-KYC guidelines took effect.

    AML / KYC

    UOB Credited for Helping Recover Stolen Funds

    By Editors | 08/10/2020

    Collaboration with UOB attests to the importance of a strong partnership with community stakeholders to effectively combat scams and transnational fraud, the Police said.

    AML / KYC

    UIDAI, NPCI Testing Face Authentication with Banks

    By Editors | 08/10/2020

    NPCI has commenced phase one tests of using facial authentication in non-financial transactions with ICICI Bank, Yes Bank, RBL Bank and Fino Payments Bank.

    AML / KYC

    Fed Orders Citigroup to Correct “Longstanding Deficiencies”

    By Editors | 08/10/2020

    The Fed has ordered Citigroup to remediated enterprise-wide risk management and controls deficiencies. The OCC has penalised Citibank $400mn for the same deficiencies.

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