AML / KYC

AML / KYC

UOB Customer Data Gets Leaked In Impersonation Scam

By Editors | 13/05/2021

Scammers obtained personal information of over 1,000 of UOB’s Chinese customers with Singapore accounts by deceiving a bank employee.

AML / KYC

Philippine SEC Rates Securities Sector for Money Laundering

By Sanday Chongo Kabange | 12/05/2021

The SEC found that investment houses and underwriters presented ‘medium-high’ risk, compared to ‘medium’ risk for the securities sector overall.

AML / KYC

MAS Consults on Proposed AML Notices for Foreign Offices, FRCs

By Manesh Samtani | 12/05/2021

MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.

AML / KYC

EBA Consults on Proposals for Central AML/CFT Database

By Editors | 12/05/2021

The central database will serve as an early warning tool to enable competent authorities to act before ML/TF risks crystalise and faciltiate inspections and monitoring.

AML / KYC

Korean Lawmakers Push for Tougher Crypto Legislation

By Sanday Chongo Kabange | 11/05/2021

Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.

AML / KYC

FMA, CLSA Premium NZ Agree Statement of Facts on AML Breaches

By Editors | 11/05/2021

The FMA is seeking a pecuniary penalty against CLSA Premium NZ and costs. The maximum penalty is NZD 2 million.

AML / KYC

Malaysia Files 22 Civil Suits to Recover 1MDB Losses

By Manesh Samtani | 11/05/2021

Among those named in the lawsuits are Deutsche Bank, Coutts, JPMorgan, former prime minister Najib Razak, and Malaysian financier Jho Low.

AML / KYC

US Court Lifts Investment Ban Against Luokung Technology Corp

By Editors | 10/05/2021

Separately, China Mobile, China Unicom and China Telecom have lost their appeals of a NYSE decision to delist their shares.

AML / KYC

Chinese Regulators Issues Draft Rules for Wealth Connect Scheme

By Manesh Samtani | 09/05/2021

A 150bn yuan ceiling is proposed as the trading quota for the new scheme, with a 1mn yuan individual limit. A launch date has not yet been set.