Anti-Money Laundering

Anti-Money Laundering

India Launches Export Data Processing and Monitoring System

By Editors | 05/03/2014

The Reserve Bank of India has launched a comprehensive integrated computerised system for effective compliance with requirements relating to exports.

Anti-Money Laundering

Indonesia, Pakistan, Myanmar on FATF’s Gray List

By Editors | 24/02/2014

The Financial Action Task Force, the international body for setting global standards for combating money laundering and terrorist financing, kept the Asian countries on its gray list.

KYC & CDD

OECD Sets Global Standard for FATCA-Inspired Tax Information Exchange

By Editors | 19/02/2014

The Organization for Economic Cooperation and Development sets worldwide standard for tax information exchange among member countries.

Anti-Money Laundering

Asia Lags in Anti-Money Laundering Controls, KPMG Survey Says

By Editors | 13/02/2014

A study highlights inconsistency in the implementation of anti-money laundering controls amid widely promoted global approach.

KYC & CDD

Indian Regulator Issues Guidelines on Assessing Depository Participants

By Editors | 11/02/2014

The Securities and Exchange Board of India has called on depositories to keep a close watch on client information and their risk ratings as part of efforts to strengthen the securities market.

Cryptocurrency

Bitcoin – Risk, Reward and China

By Editors | 27/01/2014

Henry Balani discusses the move by the Chinese Regulators on Bitcoin and the impact of the virtual currency on transaction banking.

Supervision & Enforcement

IOSCO Gains 100th MMoU Signatory in Fight Against Financial Misconduct

By Editors | 26/01/2014

The Indonesian Financial Services Authority has become the 100th signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU) on cooperation and exchange of information.

Anti-Money Laundering

India Pulls Out Old Currency Notes, Curbs ‘Black Money’

By Editors | 24/01/2014

The Reserve Bank said it will withdraw all currency notes issued prior to 2005 from March 31, in an apparent move aimed at curbing black money and fake currencies.

Anti-Money Laundering

US May Delay FATCA Implementation

By Editors | 22/01/2014

The Foreign Account Tax Compliance Act (FATCA) may be delayed again by another six months due to pending intergovernmental agreements between the U.S. and other countries.