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Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
KYC & CDD
Vietnamese Bank Joins SWIFT’s KYC Registry
By Editors | 21/07/2015
SWIFT has announced that Vietnam Bank for Agriculture and Rural Development has joined the Know Your Customer Registry.
Anti-Money Laundering
Singapore Regulator Reiterates Commitment Against Money Laundering and Terrorism Financing
By Editors | 20/07/2015
The Monetary Authority of Singapore has outlined Singapore’s anti-money laundering regime, reiterating its commitment to safeguarding its financial system.
Anti-Money Laundering
Australia and Bangladesh Sign Information Exchange Deal
By Editors | 17/07/2015
Australia has signed a memorandum of understanding with Bangladesh establishing a framework for the exchange of financial intelligence related to money laundering and terrorism financing and other serious offences.
Anti-Money Laundering
Philippines and United States Sign FATCA Agreement
By Editors | 17/07/2015
The Philippines has signed a reciprocal intergovernmental agreement with the United States to implement provisions of the Foreign Account Tax Compliance Act (FATCA).
KYC & CDD
India Banks to Use Credit Bureaus for KYC Checks
By Editors | 14/07/2015
Indian Banks have started to use credit bureaus to perform identity and background checks as part of their KYC procedures.
Anti-Money Laundering
Vietnam Targets International Risk Management Standards for Banks
By Editors | 12/07/2015
Vietnam’s banking sector is looking to meet standards for operational risk management and anti-money laundering in line with international practices.
Anti-Money Laundering
Singapore Offers Cooperation in Malaysia PM Probe
By Editors | 10/07/2015
The Monetary Authority of Singapore has said it is cooperating with Malaysian authorities in a probe into allegations of almost $700 million being transferred into the personal accounts of Prime Minister Najib Razak.
Anti-Money Laundering
Bangladesh Faces Difficulties Maintaining Banking Relationships
By Editors | 06/07/2015
Banks in developed countries have terminated relationships with banks in Bangladesh, presenting difficulties for international trade and finance.
Anti-Money Laundering
Japan, China, U.S. Jointly Push FATF on Virtual Currency Regulation
By Editors | 18/06/2015
Financial authorities of Japan, the United States and China plan to establish joint regulations to prevent the use of virtual currencies to finance illegal activities such as terrorism.
Anti-Bribery & Corruption
Anti-Corruption Practices Must Encompass Entire Banking Process
By Peter Guy | 09/06/2015
Expanding due diligence capabilities will require strong data and information resources.
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