Anti-Money Laundering

Supervision & Enforcement

Prohibition Orders in Singapore: An Introduction

By Eric Chan | 22/06/2017

POs are increasingly being used to ensure integrity in Singapore’s financial services industry.

KYC & CDD

KYC Roundup – India Confirms Mandatory ‘Aadhar’ Use

By Editors | 19/06/2017

India makes use of Aadhar cards compulsory for opening bank accounts, large transactions The Indian government last week confirmed that […]

Anti-Money Laundering

Fubon Bank Fined for AML Rule Violation

By Editors | 15/06/2017

Taiwan’s FSC (Financial Supervisory Commission) has reportedly fined Taipei Fubon Commercial Bank NT$1 million (US$33,200) for failing to report large […]

Supervision & Enforcement

Top CBRC Official Removed from Post

By Editors | 15/06/2017

Yang Jiacai, deputy chair of the CBRC (China Banking Regulatory Commission), has been removed from his post, according to a […]

Anti-Money Laundering

HK Brokers’ Operations Halted for Allegedly Handling Proceeds of Crime

By Editors | 13/06/2017

Hong Kong’s SFC (Securities and Futures Commission) issued a restriction notice on a foreign exchange broker amid concerns money it […]

Anti-Money Laundering

Pakistan PM to Attend Panama Papers Inquiry

By Editors | 12/06/2017

A joint investigation team probing least year’s Panama Papers revelations called on Pakistan’s Prime Minister Nawaz Sharif to answer questions […]

Payments & Settlements

How Regulators Position Payment Service Providers in China

By Wang Jian | 08/06/2017

Anti-Money Laundering

BCBS Updates Correspondent Banking AML/CTF Guidelines

By Editors | 08/06/2017

BCBS (the Basel Committee on Banking Supervision) issued revised guidelines on AML/CTF (anti-money laundering/countering terrorist financing) measures in correspondent banking […]

Anti-Money Laundering

MAS Closes Book on 1MDB

By Editors | 01/06/2017

Authority issues final fines against Credit Suisse, UOB; bans former employees of now-defunct private banks.