AML / KYC
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Fraud Allegations at Australia’s Commonwealth Bank
Samuel Riding, Regulation Asia February 4, 2016Staff allegedly involved in Ponzi scheme which continued for five years after initial suspicions raised.
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HK, Singapore, Australia Delay UTI Implementation
Samuel Riding, Regulation Asia February 2, 2016Regulators to await international standards, delay implementation to early 2017.
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Taiwan to ‘Punish’ Banks for Misselling RMB Forwards
Samuel Riding, Regulation Asia January 28, 2016Citibank and Standard Chartered among nine banks to be censured for inappropriate sales.
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Correspondent Banking KYCC ‘Impossible’ in HK, Singapore – Thomson Reuters
Samuel Riding, Regulation Asia January 27, 2016Both jurisdictions said unlikely to implement FATF recommendations before the end of this decade.
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Trade Finance De-risking Could Face Legal Challenge – Thomson Reuters
Samuel Riding, Regulation Asia January 27, 2016Anti-discrimination cases could be brought against banks using AML as 'excuse' to stop dealing with certain sectors, report says.
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Bank of China Hit by US Enforcement Action
Samuel Riding, Regulation Asia January 22, 2016US currency comptroller’s action relates to deficiencies in currency transaction controls.
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Thailand Launches Crowdfunding Consultation
Samuel Riding, Regulation Asia January 20, 2016Securities regulator seeks feedback on managing conflicts of interest and compliance monitoring systems.
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China, Switzerland to Cooperate on ‘Stolen Assets’
Samuel Riding, Regulation Asia January 18, 2016Foreign ministers also agree judicial assistance deal, cooperation on anti-corruption and finance work prior to G20 summit.
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Fenergo, Markit and kyc.com Ink Strategic Deal
Samuel Riding, Regulation Asia January 14, 2016Companies to work on integration of counterparty manager, client lifecycle and data management solutions.
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Pakistan Multiplies AML/CTF Efforts
Samuel Riding, Regulation Asia January 8, 2016State bank fines increase more than 10-fold with 121 accounts shut down after government directions on AML/CTF.
