AML / KYC
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China Tightens Transaction Reporting Rules
Samuel Riding, Regulation Asia January 3, 2017Large transaction reporting threshold reduced to $7,200.
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Taiwan Signs up to FATCA
Samuel Riding, Regulation Asia January 3, 2017Previously only reported number of clients and total amount held in Taiwanese accounts.
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Philippine SEC Seeks Banking Secrecy Exemption
Samuel Riding, Regulation Asia December 28, 2016Secrecy law is the only issue preventing regulator from joining IOSCO.
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HK SFC Clarifies Product Suitability Requirements
Samuel Riding, Regulation Asia December 28, 2016Advertisements, research reports may not trigger obligations if no direct communication with client.
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Pakistan Moots Demonetisation
Samuel Riding, Regulation Asia December 23, 2016Move would ‘reduce illicit money inflow, and reduce the size of undocumented economy’.
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Ex-BSI Banker Jailed for 30 Months
Samuel Riding, Regulation Asia December 23, 2016Yeo Jiawei said to have had working relationship with Jho Low; faces another 7 charges next year.
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RBI Backtracks on Demonetisation Deposit Limits
Samuel Riding, Regulation Asia December 22, 2016Central bank says depositors will not be interrogated so long as accounts are KYC compliant.
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Financial Planning Sector at Medium ML, TF Risk – AUSTRAC
Samuel Riding, Regulation Asia December 22, 2016Cyberattacks of increasing sophistication and scale regarded as major threat.
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India Investigating Settlement Systems in AML Probe
Samuel Riding, Regulation Asia December 21, 2016Enforcement Directorate also scrutinising bank branch account statements and CCTV.
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Another Ex-BSI Singapore Banker Jailed, Fined
Samuel Riding, Regulation Asia December 19, 2016Yvonne Seah the second person convicted as a result of Singapore’s 1MDB investigation.
