Anti-Money Laundering

Anti-Money Laundering

500 Indian Bank Branches Monitored in ML Probe

By Samuel Riding | 16/12/2016

Enforcement Directorate figures show four banks illicitly remitted $1.8bn outside India.

KYC & CDD

Indonesia – 2016 in Review

By Samuel Riding | 15/12/2016

Indonesian regulators boosted efforts on tax avoidance, financial technology and KYC this year.

KYC & CDD

Myanmar Clamps Down on Foreign Bank Accounts

By Samuel Riding | 15/12/2016

Banks given only 8 days to report foreign accounts held by executives; most held in Singapore.

Anti-Money Laundering

Australia to Set up Black Money Taskforce

By Samuel Riding | 15/12/2016

Group will aim to recoup tax and could remove A$100 note from circulation.

Anti-Money Laundering

HKMA Issues AML/CTF Competency Framework

By Samuel Riding | 14/12/2016

Enrolment in courses run by Hong Kong Institute of Bankers begins in April 2017.

Anti-Money Laundering

NZ Central Bank Warns Credit Union on AML/ CTF

By Samuel Riding | 13/12/2016

RBNZ says Aotearoa union failed to conduct due diligence, monitor accounts.

KYC & CDD

Central Issues in APAC Buy-side KYC and AML

By Fullerton Fund Management | 12/12/2016

Deep-rooted regulatory issues can be solved through innovation and cooperation.

Supervision & Enforcement

HK SFC Fined Firms $3.33mn in 1H16

By Samuel Riding | 09/12/2016

Disciplinary actions up 67%; civil proceedings rise 23%; completed investigations increase by 24%.

Anti-Money Laundering

NZ Regulator Pinpoints AML/CTF Weaknesses

By Samuel Riding | 09/12/2016

FMA review of 800 firms finds inadequate staff training and variations in due diligence