AML / KYC
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Australia Exempts Some Trusts from AML/CTF Law
Samuel Riding, Regulation Asia September 8, 2016Exemptions apply to licensed trustees appointed under a will, power of attorney, or to act for incapacitated clients.
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Philippines Considering Repeal of Bank Secrecy Laws
Samuel Riding, Regulation Asia September 7, 2016Philippines and Lebanon the only countries which still have such laws in place.
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Indonesia Fraudsters Forge Central Bank Promissory Notes
Samuel Riding, Regulation Asia September 7, 2016Forged documents used by fraudsters who promise to help borrowers repay loans early.
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RBI Asked to Establish Information-sharing Mechanism
Samuel Riding, Regulation Asia September 6, 2016Special Investigation Team on 'black money' asks central bank to share information with law enforcement.
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SEBI Eyes KYC System Reform
Samuel Riding, Regulation Asia September 5, 2016Market intermediaries are having difficulties with centralised system.
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SEBI Uncovers Money Laundering in NSEL Scam
Samuel Riding, Regulation Asia September 2, 2016Report cites instances of unauthorised modification of unique client codes.
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Banks’ Exit from Emerging Markets Hurting AML, CTF Efforts – FSB
Samuel Riding, Regulation Asia August 31, 2016Report to G20 says funds are being driven underground; cites failures to initiate derivative market reform in China and Korea.
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APAC Region has World’s Worst Cyber Security, Study Finds
Samuel Riding, Regulation Asia August 31, 2016Region’s surfeit of financial data one of the main causes of increase in security threats.
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HKMA to host AML Seminars
Samuel Riding, Regulation Asia August 30, 2016Managing staff responsible for AML, CTF systems implementation encouraged to attend.
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Taiwan to Strengthen AML Law
Samuel Riding, Regulation Asia August 26, 2016Cabinet drafts bill which would increase penalties, introduce asset seizures.
