Anti-Money Laundering

KYC & CDD

De-risking and Asia’s Move to Centralised KYC

By Samuel Riding | 06/10/2016

How concerns about excessive KYC are driving a move away from institution to country-based systems.

Market Abuse

Former Mega Bank Chairman Arrested in Taiwan

By Samuel Riding | 05/10/2016

Ex-chairman alleged to have offloaded stock in advance of US fine.

Supervision & Enforcement

Australian Banking Inquiry – ANZ Denies Links to 1MDB Scandal

By Samuel Riding | 05/10/2016

CBA acknowledges “poor customer outcomes”, failed to commit on victims’ compensation.

Anti-Money Laundering

Indonesia Tax Amnesty Expected to Net $346bn

By Samuel Riding | 05/10/2016

Singapore the largest source of assets from overseas including property, gold and land.

Anti-Money Laundering

Taiwan FSC Chairman Steps Down Amid Mega Scandal

By Samuel Riding | 04/10/2016

FSC vice chairman also quits, chairman to be replaced by Huang Tien-mu.

Anti-Money Laundering

SFC Clarifies Broker Requirements

By Samuel Riding | 03/10/2016

Clarification follows unusual step of public warning on internal AML controls.

Anti-Money Laundering

US Regulator Finds Lapses at Another Mega Bank Branch

By Samuel Riding | 03/10/2016

Mega Bank now under scrutiny for suspect transactions between Chicago and Panama.

Anti-Money Laundering

Singapore has Strong AML, CTF Framework—FATF

By Samuel Riding | 28/09/2016

But assessment report warns of need to enhance supervision of all financial institutions.

KYC & CDD

Accuity Adds Beneficial Ownership Identification to Bankers Almanac

By Samuel Riding | 28/09/2016

Function identifies beneficial ownership interests of 0.1% or more versus regulatory thresholds of 10% or 20%.