Branch of Kwangson Bank should have been closed down under UN resolution, but continued to operate.
Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows
Regulator says disclosure could breach confidentiality rules, harm foreign customers.
Licensees are vulnerable on being used to launder money and finance terrorism, regulator says.
Measures are part of efforts to boost Hong Kong’s competitiveness as a fintech hub.
Clarient Global report suggests nearly two-thirds of firms have difficulty obtaining client information.
Bangladesh seeking to recover another USD2.7 million frozen by Philippines' casino regulator.
Telecom and banking industry also form joint security plan for mobile and e-banking.
Parliamentary task force is looking at possible money laundering and insider trading.
MAS says reporting does not necessarily mean a client will be investigated by the police.