Anti-Money Laundering

Anti-Money Laundering

Hong Kong Suspicious Transaction Reports Surge

By Samuel Riding | 02/11/2016

Joint Financial Intelligence Unit received nearly 60,000 reports in 1st nine months of 2016.

KYC & CDD

HK SFC Amends Account Opening Rules

By Samuel Riding | 25/10/2016

Regulator says Code of Conduct requirements are at par with international standards, adds some measures.

Anti-Money Laundering

Pakistan Investigating 444 Individuals in Panama, Bahamas Leaks

By Samuel Riding | 24/10/2016

Federal Board of Review asks SBP and SECP for transaction details of local and overseas accounts.

PEPs & Sanctions

SFC Reminds on Sudan, DRC Sanctions

By Samuel Riding | 17/10/2016

Regulator also asks corporations and entities to conduct AML compliance checks.

Cybersecurity

Up at Night – Hong Kong’s Most Pressing Regulatory Issues

By Wolters Kluwer Financial Services | 14/10/2016

Speakers at recent Institute of Bankers conference discuss cybersecurity, AML/CTF, and more.

Anti-Money Laundering

Indian Investigators Probe P-Note Data

By Samuel Riding | 13/10/2016

Regulator hands over list of beneficial owners and transfer trails for P-note investments.

Anti-Money Laundering

Guangdong Underground Banking Crackdown Nets 350 Suspects

By Samuel Riding | 12/10/2016

More than $34bn in illegal transactions uncovered so far this year.

Trade Based Money Laundering

Thomson Reuters Launches TRAC to Combat Trade Based Money Laundering

By Samuel Riding | 11/10/2016

SINGAPORE / HONG KONG, 11 October, 2016 – Thomson Reuters announces today the launch of TRAC, its new anti-money laundering […]

Anti-Money Laundering

Updated – MAS Shuts Falcon Bank Singapore Operations

By Samuel Riding | 11/10/2016

Swiss regulator claims USD3.8bn of 1MDB money went via Falcon; MAS also fines DBS, UBS for control failures.