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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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