Anti-Money Laundering

KYC & CDD

FATCA Still a Taxing Issue for Asian FIs

By Editors | 18/05/2016

Compliance still an issue for Asian financial institutions despite the milestones reached.

KYC & CDD

Singapore Eyes Tighter Listing Due Diligence Standards

By Samuel Riding | 16/05/2016

Banks should check board, management quality, financial position; examine inventory and ‘biological assets’.

Structural Regulation

China Tightens Supervision of PPNs

By Samuel Riding | 16/05/2016

CSRC concerned about fake registrations of media, entertainment companies to take advantage of principal protected notes.

Anti-Money Laundering

China Signs up to OECD Tax Project

By Samuel Riding | 16/05/2016

OECD Base Erosion and Profit Shifting Project agreed to by 39 jurisdictions.

Anti-Money Laundering

Singapore Banks Eye AML Cooperation

By Samuel Riding | 09/05/2016

DBS, OCBC and UOB in talks on shared information system.

Anti-Money Laundering

Taiwan Busts Bitcoin Laundering Ring

By Samuel Riding | 09/05/2016

Group suspected of using online bitcoin platform to launder millions of RMB.

Anti-Money Laundering

Australia Launches Tax Disclosure Consultation

By Samuel Riding | 04/05/2016

Government recommends adoption of OECD mandatory disclosure rules on base erosion, profit shifting.

KYC & CDD

India Confirms NGO Contribution Requirements

By Samuel Riding | 27/04/2016

Banks must report foreign contributions to NGO accounts within 48 hours of receipt.

Anti-Money Laundering

Net Closes Around China’s Shadow Banks

By Samuel Riding | 14/04/2016

Crackdown to be intensified amid volatility, outflow concerns.