Anti-Money Laundering

Anti-Money Laundering

Singapore Releases Report on Money Laundering and Terrorist Financing

By Editors | 13/01/2014

A Singapore government-wide National Risk Assessment (NRA) exercise over two years has found in many sectors a robust regime to combat money laundering and terrorist financing.

KYC & CDD

SWIFT Creates KYC Registry and Financial Crime Compliance Unit

By Editors | 07/01/2014

SWIFT announces the creation of a Know Your Customer (KYC) Registry for the collection and distribution of standard information required by banks as part of their due diligence process.

PEPs & Sanctions

Iran: The End of Sanction Programs as we know it?

By Editors | 11/12/2013

Recently, deals were struck between Iran and the West to curb Iran’s nuclear program. What does this mean for a financial institution’s AML economic sanctions program?

Cryptocurrency

PBOC Issues Bitcoin Ban for Financial Companies

By Editors | 06/12/2013

The People’s Bank of China (PBOC) yesterday issued a notice outlining plans to ban the trading of bitcoin by financial […]

Anti-Money Laundering

FATF Identify AML/CFT Risk Countries

By Editors | 25/10/2013

The Financial Action Task Force (FATF) has issued a statement highlighting jurisdictions that have strategic deficiencies that pose a risk […]

Anti-Money Laundering

Singapore Conducts Assessment of Money Laundering and Terrorist Financing

By Editors | 22/10/2013

Singapore has launched a comprehensive assessment of money laundering and terrorist financing risk in the country. A joint steering committee […]

Anti-Money Laundering

FATCA Registry will Aid Foreign Financial Institutions’ Compliance Efforts

By Editors | 02/10/2013

The recent creation of a new online registration system for financial institutions to register with the U.S. Internal Revenue Service (IRS) will benefit compliance and legal staff.

Anti-Money Laundering

China to sign Multilateral Tax Convention

By Editors | 26/08/2013

China is joining the group of more than 50 developed and developing countries, including all G20 members, which are signatories […]

Anti-Money Laundering

Many Hong Kong institutions not ready for FATCA

By Editors | 09/08/2013

Hong Kong’s banks should put to good use the recent decision by the U.S. Treasury to delay the implementation of the Foreign Account Tax Compliance Act (FATCA), said a local industry official.