Anti-Money Laundering

Anti-Money Laundering

Singapore Banks Required to Report Indonesia Amnesty Clients

By Samuel Riding | 16/09/2016

MAS says reporting does not necessarily mean a client will be investigated by the police.

Anti-Money Laundering

Vietnam Sets up AML/CTF Steering Committee

By Samuel Riding | 12/09/2016

Committee headed by deputy prime minister charged with developing new policies.

Anti-Money Laundering

China, Cambodia Ink AML/CTF MOU

By Samuel Riding | 09/09/2016

Cambodia ranks 6th globally for susceptibility to money laundering, terrorist financing.

KYC & CDD

HKMA Warns of Excessive Due Diligence

By Samuel Riding | 09/09/2016

Authority says some KYC/AML measures ‘disproportionate’; looking at KYC utilities to ease regulatory burden.

Anti-Money Laundering

Ease AML/CTF Regulations for Low-value Transactions: Brookings

By Samuel Riding | 08/09/2016

Influential think-tank suggests some regulations could be eased to support financial inclusion.

Anti-Money Laundering

Australia Exempts Some Trusts from AML/CTF Law

By Samuel Riding | 08/09/2016

Exemptions apply to licensed trustees appointed under a will, power of attorney, or to act for incapacitated clients.

Anti-Money Laundering

Philippines Considering Repeal of Bank Secrecy Laws

By Samuel Riding | 07/09/2016

Philippines and Lebanon the only countries which still have such laws in place.

Anti-Money Laundering

RBI Asked to Establish Information-sharing Mechanism

By Samuel Riding | 06/09/2016

Special Investigation Team on ‘black money’ asks central bank to share information with law enforcement.

Anti-Money Laundering

SEBI Uncovers Money Laundering in NSEL Scam

By Samuel Riding | 02/09/2016

Report cites instances of unauthorised modification of unique client codes.