AML / KYC
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China Probes N.Korean Bank for Sanctions Busting
Samuel Riding, Regulation Asia September 27, 2016Branch of Kwangson Bank should have been closed down under UN resolution, but continued to operate.
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Philippines Proposes New Money Service Rules
Samuel Riding, Regulation Asia September 26, 2016Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows
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Taiwan FSC Concerned by Mega Bank Data Request
Samuel Riding, Regulation Asia September 22, 2016Regulator says disclosure could breach confidentiality rules, harm foreign customers.
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SFC Urges Brokers to Enhance AML Controls
Samuel Riding, Regulation Asia September 22, 2016Licensees are vulnerable on being used to launder money and finance terrorism, regulator says.
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HKMA to Add Cybersecurity, AML to Competency Framework
Samuel Riding, Regulation Asia September 21, 2016Measures are part of efforts to boost Hong Kong’s competitiveness as a fintech hub.
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Fund Managers Struggling with On-boarding Inefficiency, Study Finds
Samuel Riding, Regulation Asia September 20, 2016Clarient Global report suggests nearly two-thirds of firms have difficulty obtaining client information.
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BSP Ordered to Return $15mn to Bangladesh
Samuel Riding, Regulation Asia September 20, 2016Bangladesh seeking to recover another USD2.7 million frozen by Philippines' casino regulator.
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Thailand Introduces e-KYC Rules
Samuel Riding, Regulation Asia September 20, 2016Telecom and banking industry also form joint security plan for mobile and e-banking.
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Taiwan Investigating Ex-regulators in Mega Bank Case
Samuel Riding, Regulation Asia September 19, 2016Parliamentary task force is looking at possible money laundering and insider trading.
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Singapore Banks Required to Report Indonesia Amnesty Clients
Samuel Riding, Regulation Asia September 16, 2016MAS says reporting does not necessarily mean a client will be investigated by the police.
