KYC & CDD

KYC & CDD

HKMA Eyeing KYC Utility

By Samuel Riding | 27/04/2017

Deputy chief executive acknowledges heightened due diligence on account opening has harmed Hong Kong’s reputation.

Structural Regulation

Pakistan Board of Revenue Eyes Removal of Bank Tax Breaks

By Samuel Riding | 21/04/2017

Agency is also considering stiffer rules on banks’ provision of taxpayer information.

Cybersecurity

Indian Central Bank to Set up Cyber-Emergency Team

By Samuel Riding | 19/04/2017

Recent ‘ethical hack’ found cybersecurity weaknesses at two public sector banks.

KYC & CDD

Philippines to Introduce ‘Basic’ Banking

By Samuel Riding | 18/04/2017

Accounts will have easier KYC and low balance requirements in bid to boost financial inclusion.

Cloud & Infrastructure

Hong Kong Pitches for Regtech Leadership

By JP Reimann | 13/04/2017

Regulators encourage mutual support and cooperation as industry players eye billions in cost savings.

KYC & CDD

India, Singapore, Guangdong Join Shift to ID Card-based KYC

By Samuel Riding | 24/03/2017

Financial institutions could soon be able to access government-held information including biometric data.

KYC & CDD

When KYC Casts Customers Adrift

By Peter Guy | 20/03/2017

A lost world of clients whose accounts are closed without explanation reveals the cruelty of automated compliance.

Cybersecurity

India Launches Payment Cybersecurity, KYC Consultation

By Samuel Riding | 10/03/2017

Electronic pre-paid payment instrument issuers required to establish information security, privacy policy.

KYC & CDD

Philippines to Allow ‘Video Messaging’ KYC

By Samuel Riding | 10/03/2017

BSP deputy governor says new rules will ease banking access in rural areas.