Tax office says brokerage ‘never bothered to verify KYC norms’.
Regulator appoints Gumuri Hussain as executive chairman of Audit Oversight Board; Foo Lee Mei as chief regulatory officer.
Upcoming reports and consultations cover correspondent banking, conduct and derivatives regulation.
Financial institutions will be required to set up dedicated AML/CTF units for the first time.
Regulatory requirements relaxed; Singapore to promote fintech innovations ‘within boundaries’.
Philippines president says regulators are not cooperating with government money laundering investigations.
FATF plenary has said N.Korea is failing to address illicit funding, proliferation.
Securities regulator discusses robo-advice mechanism, central information repository and blockchain deployment.
Regulator says move aims to increase capital without incurring forex risks.
Draft proposals would allow non-permissioned collection, verification of customer information.