AML / KYC
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FSB Kicks Off ‘Unintended Consequences’ Consultation
Samuel Riding, Regulation Asia April 12, 2017Board says consultation will result in fine tuning rather than a rollback of post-crisis reform.
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HKMA Ticks off, Fines Coutts for AML Failings
Samuel Riding, Regulation Asia April 12, 2017Firm said to have inadequate PEP identification procedures for more than three years.
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Indian Banks Seek Forensic Auditors Amid Fraud Fears
Samuel Riding, Regulation Asia April 12, 2017Association says auditors should have at least 10 years experience for the largest suspected frauds.
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BSP to Mandate Multi-factor Authentication
Samuel Riding, Regulation Asia April 10, 2017Measures are a reaction to rising threat of cybercrime.
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Malaysia Inks Cross-border Agreements with Philippines, Thailand
Samuel Riding, Regulation Asia April 7, 2017MoU with Thailand covers cross-border supervision; Philippines agreement confirms ABIF details.
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Australia Cracks Down on Interest-Only Loans
Editors, Regulation Asia April 3, 2017ASIC and APRA separately announce measures against interest-only lending.
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IOSCO Enhances Cross-Border Enforcement Cooperation
Editors, Regulation Asia April 3, 2017New powers enable members to share and obtain audit work, internet records and phone records.
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India, Singapore, Guangdong Join Shift to ID Card-based KYC
Samuel Riding, Regulation Asia March 24, 2017Financial institutions could soon be able to access government-held information including biometric data.
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ASIC Sets out Blockchain Regulatory Framework
Samuel Riding, Regulation Asia March 21, 2017Regulator will ask six questions to assess a DLT’s regulatory compliance.
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Updated – MAS Raises Spectre of Algo ‘Contagion’
Samuel Riding, Regulation Asia March 21, 2017Singapore regulator using clustering, network analysis; to set up supervisory technology unit.
