AML / KYC
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Hong Kong’s Changing AML Landscape
Kane Mak, Howse Williams September 13, 2017AML/CTF efforts in Hong Kong are gaining momentum as it gears up for the upcoming mutual evaluation by FATF in 2018.
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Top PBOC Official Makes AML Powerplay
Editors, Regulation Asia September 13, 2017Vice governor Yin Yong says central bank to ‘centralise’ work amid concerns about sanctions risk and meeting stricter international standards.
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China ICO Ban Isn’t Permanent – State-backed Thinktank Says
Samuel Riding, Regulation Asia September 12, 2017Researcher at Institute of Finance and Banking says ban is only temporary; previous reports have suggested regulators are working on ICO framework.
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Vietnam Central Bank Confesses Risk Monitoring, Inspection, Anti-corruption Failures
Editors, Regulation Asia September 12, 2017Government Inspectorate says SBV should take action against individuals named in report; provincial and administrative units reminded to report all criminal activity.
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Philippines Banker Indicted for Bangladesh Heist Role
Editors, Regulation Asia September 11, 2017Banker accused of facilitating transfer of $14mn into fake accounts, transferring money to a single account without following KYC procedures.
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Malaysia Central Bank to Finalise e-KYC Standards
Editors, Regulation Asia September 11, 2017BNM governor has said the central bank intends to operationalise industry-wide e-KYC from next year; regulations for use in remittances to come soon.
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Taiwan Tightens Securities, Futures Firms’ Internal Control Requirements
Samuel Riding, Regulation Asia September 7, 2017New regulations will require firms involved in securities and futures markets to set up separate AML/CTF units, boost FSC inspection powers.
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SEBI Bars 19 Firms for Depository Receipt Market Manipulation
Editors, Regulation Asia September 7, 2017Regulator says violations could make investors ‘lose faith in the Indian securities market and even good companies will find it extremely difficult to raise capital’.
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Top CBRC Adviser Flags Failures to Address Operational Risks
Samuel Riding, Regulation Asia September 6, 2017CBRC chief adviser and former SFC chief Dr Andrew Sheng says regulation risks pro-cyclicality when real economy requires structural change.
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China Joins Stampede to Regulate ICOs
Samuel Riding, Regulation Asia August 31, 2017Regulators to introduce rules on ICOs/ITOs which raised nearly $400mn in 1st half of 2017; follows moves by the US and Singapore in July.
