Agreement boosts jurisdictions’ analytical capacity and enforcement to combat illicit funding.
Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.
Banks must detail purposes of outbound transfers of more than $100,000.
Joint Financial Intelligence Unit received nearly 60,000 reports in 1st nine months of 2016.
Accounts having no transaction within a five-year period are considered dormant
Regulator says Code of Conduct requirements are at par with international standards, adds some measures.
Federal Board of Review asks SBP and SECP for transaction details of local and overseas accounts.
Informal lenders must define “reasonable” interest rates for consumers
Regulator reveals members and terms of reference for Enforcement Review Task Force
New chief is Bank of Kaohsiung chairman; former FSC chair quit amid Mega Bank scandal.