Anti-Money Laundering

Anti-Money Laundering

Philippines Proposes New Money Service Rules

By Samuel Riding | 26/09/2016

Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows

Anti-Money Laundering

Tencent Subsidiary Picks Thomson Reuters for AML, KYC Screening

By Samuel Riding | 22/09/2016

Hong Kong (21 September) – Tencent’s subsidiary, Money Data Limited, has selected Thomson Reuters Risk solutions to comply with HKMA […]

Conduct, Culture & Accountability

Singapore: Conduct, Mis-selling and Conflicts of Interest

By Samuel Riding | 22/09/2016

Recent events suggest not much has changed since the financial crisis, and a different approach is needed.

Anti-Money Laundering

Taiwan FSC Concerned by Mega Bank Data Request

By Samuel Riding | 22/09/2016

Regulator says disclosure could breach confidentiality rules, harm foreign customers.

Anti-Money Laundering

SFC Urges Brokers to Enhance AML Controls

By Samuel Riding | 22/09/2016

Licensees are vulnerable on being used to launder money and finance terrorism, regulator says.

Cybersecurity

HKMA to Add Cybersecurity, AML to Competency Framework

By Samuel Riding | 21/09/2016

Measures are part of efforts to boost Hong Kong’s competitiveness as a fintech hub.

KYC & CDD

Fund Managers Struggling with On-boarding Inefficiency, Study Finds

By Samuel Riding | 20/09/2016

Clarient Global report suggests nearly two-thirds of firms have difficulty obtaining client information.

Anti-Money Laundering

BSP Ordered to Return $15mn to Bangladesh

By Samuel Riding | 20/09/2016

Bangladesh seeking to recover another USD2.7 million frozen by Philippines’ casino regulator.

Supervision & Enforcement

CBRC Fined Banks $2.24mn in 3Q

By Samuel Riding | 19/09/2016

Agricultural Bank of China and ICBC among 44 lenders censured.