Anti-Money Laundering

Anti-Money Laundering

Banks’ Exit from Emerging Markets Hurting AML, CTF Efforts – FSB

By Samuel Riding | 31/08/2016

Report to G20 says funds are being driven underground; cites failures to initiate derivative market reform in China and Korea.

Anti-Money Laundering

HKMA to host AML Seminars

By Samuel Riding | 30/08/2016

Managing staff responsible for AML, CTF systems implementation encouraged to attend.

Anti-Money Laundering

Taiwan to Strengthen AML Law

By Samuel Riding | 26/08/2016

Cabinet drafts bill which would increase penalties, introduce asset seizures.

Payments & Settlements

MAS Issues Payments Consultation

By Samuel Riding | 26/08/2016

Regulator proposes activity-based regime under single regulatory framework.

Anti-Money Laundering

New Zealand-China AML Operation Nets $31mn

By Samuel Riding | 24/08/2016

Forfeiture the largest ever in New Zealand and first related to crimes alleged to have occurred in China.

Anti-Money Laundering

Bangladesh Probes Trusts’ Tax Compliance, Sources of Funds

By Samuel Riding | 24/08/2016

Concerns raised by APG on money laundering, but decline in disclosures could be due to shrinking NGO funding.

Market Abuse

SEBI Eases Trading Restriction on Hundreds of Firms

By Samuel Riding | 24/08/2016

Several companies which had been barred from the securities market can now conduct transactions.

Anti-Money Laundering

Taiwan Banks Ordered to Tighten Overseas Controls

By Samuel Riding | 22/08/2016

Multiple AML violations found at Mega Bank’s overseas branches.

KYC & CDD

India Penalises Cooperative Banks for KYC Failures

By Samuel Riding | 18/08/2016

Four lenders fined for violating KYC and other regulations