KYC & CDD

Anti-Money Laundering

In Conversation With Siddhant Sahai, Deutsche Bank

By Bradley Maclean | 15/02/2022

Siddhant Sahai says a greater focus on inter-bank relationship monitoring and timely sharing of information are needed to truly address financial crime risks.

KYC & CDD

MAS Issues Guidance on Tech Adoption for Remote CDD

By Manesh Samtani | 14/02/2022

MAS identifies good industry practices used to guard against fraud, impersonation, and document tampering in a non-face-to-face setting.

KYC & CDD

New CDD Rules to Have ‘Limited’ Impact on Customers: PBOC

By Editors | 13/02/2022

The PBOC has responded to concerns about incoming rules that will require banks to perform extra due diligence for deposits and withdrawals exceeding CNY 50,000.

Anti-Money Laundering

Australia Senate Introduces Tranche 2 Reform Bill, Again

By Manesh Samtani | 13/02/2022

The bill, if passed, will help fulfill a nearly 16-year-old commitment to bring gatekeeper professions within Australia’s AML regime, and require the establishment of a public UBO register.

Anti-Money Laundering

In Conversation With Nathan Newman, AUSTRAC

By Bradley Maclean | 11/02/2022

Nathan Newman says regulated entities are uplifting their AML capabilities but could do more to apply appropriate assurance to their upgrades.

Anti-Money Laundering

PBOC Fines MYbank for AML and Other Violations

By Editors | 10/02/2022

MYbank failed to perform customer identification obligations, preserve identity information and transaction records, and report suspicious transactions.

Cloud & Infrastructure

GLEIF Publishes Governance Details for Digitally Verifiable LEI

By Manesh Samtani | 08/02/2022

The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.

Cryptocurrency

Crypto Prepares for a Regulated Future

By David Liu | 07/02/2022

As crypto goes mainstream, regulatory compliance will require robust and financial institution-grade AML and KYC processes, says David Liu.

Cryptocurrency

HKMA, SFC Allow Intermediaries to Offer Crypto Services

By Manesh Samtani | 31/01/2022

Authorised institutions and licensed corporations wishing to offer virtual asset dealing services can do so only by partnering with SFC-licensed trading platforms.