AML / KYC
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SFC Bans Ex-Citibank Staff for Tampering with Client Signature
Samuel Riding, Regulation Asia January 6, 2017Regulator says former employee attempted to deceive bank on client application.
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Former Falcon Manager in Court on 1MDB Charges
Samuel Riding, Regulation Asia January 6, 2017Jens Sturzenegger the first foreigner to be prosecuted in relation to the affair.
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Taiwan to Beef Up AML System Before APG Evaluation
Samuel Riding, Regulation Asia January 5, 2017Move aims to avoid restrictions on Taiwan’s overseas financial institutions.
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Pakistan to Enhance Enforcement in 2017
Samuel Riding, Regulation Asia January 3, 2017SECP chairman says to also prioritise ease of doing business and regulatory framework development.
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China Tightens Trust Company Regulation
Samuel Riding, Regulation Asia January 3, 2017Trusts have been used as alternative financing channel for companies.
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China Tightens Transaction Reporting Rules
Samuel Riding, Regulation Asia January 3, 2017Large transaction reporting threshold reduced to $7,200.
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Taiwan Signs up to FATCA
Samuel Riding, Regulation Asia January 3, 2017Previously only reported number of clients and total amount held in Taiwanese accounts.
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Philippine SEC Seeks Banking Secrecy Exemption
Samuel Riding, Regulation Asia December 28, 2016Secrecy law is the only issue preventing regulator from joining IOSCO.
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HK SFC Clarifies Product Suitability Requirements
Samuel Riding, Regulation Asia December 28, 2016Advertisements, research reports may not trigger obligations if no direct communication with client.
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Pakistan Moots Demonetisation
Samuel Riding, Regulation Asia December 23, 2016Move would ‘reduce illicit money inflow, and reduce the size of undocumented economy’.
