AML / KYC
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Thai Banks Join up to Improve Cybersecurity
Editors, Regulation Asia October 9, 2017Fifteen banks in Thailand have set up a group to tackle information technology stability and security and prepare for cyber-attacks.
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Malaysian Central Bank to ‘Name and Shame’ Rulebreakers
Editors, Regulation Asia October 9, 2017Bank Negara Malaysia governor says it has shared the names of more than 400 individuals with banks in the country over the past three months.
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Standard Chartered Guernsey-Singapore Transfers Under Investigation
Editors, Regulation Asia October 9, 2017Authorities suggest bank may have conducted $1.4bn of transfers to Singapore to avoid being caught under Common Reporting Standard.
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Forensic Accountancy Programme Launched in Singapore to Combat Financial Crime
Editors, Regulation Asia October 5, 2017Forensic accountancy qualification will be open to financial crime compliance and investigations professionals; ACRA to consider monitoring audit firms.
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China Raises AML Concerns About Non-financial Sectors
Editors, Regulation Asia October 5, 2017PBOC will target areas including real estate intermediaries and jewelry sales, says will not disrupt ‘normal and legal’ cross-border transactions.
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Chinese Money Laundering or Capital Transfer – ‘Vive la Différence’
Editors, Regulation Asia October 2, 2017Financial technology and digital payment systems are abetting the greatest money laundering campaign in the history of finance.
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HKMA Launches Smart Banking Initiative Including Enhanced Sandbox
Samuel Riding, Regulation Asia September 29, 2017In addition to the enhanced sandbox, HKMA will also work on a new payment system, minimising regulatory friction in onboarding and other services.
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Japan FSA to Trial Blockchain KYC
Editors, Regulation Asia September 25, 2017Blockchain KYC will allow customers to open multiple accounts without having to go through individual onboarding procedures each time.
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AUSTRAC to Lead Efforts to Combat IS Funding in Southeast Asia
Editors, Regulation Asia September 18, 2017Australia hopes to cooperate with other jurisdictions in SE Asia amid concern IS will turn its attention to the region after Middle East setbacks.
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Indonesia Tightens AML Rules to Address Fintech Complexity
Editors, Regulation Asia September 14, 2017Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.
