KYC & CDD

Fraud, Scams & Cybercrime

HKMA Eases Internet Banking Rules

By Samuel Riding | 21/11/2016

Increased transaction limit comes with warning on controls and customer education.

Anti-Money Laundering

AUSTRAC to Revise AML/CTF Regulations

By Samuel Riding | 15/11/2016

Draft proposals would allow non-permissioned collection, verification of customer information.

Anti-Money Laundering

Pakistan Boosts Regulator’s AML/CTF Powers

By Samuel Riding | 14/11/2016

SECP gains powers to ensure sufficient measures are taken against illicit financing.

Anti-Money Laundering

Vietnam’s OCB to Boost ML Defence

By Samuel Riding | 14/11/2016

AML project expected to be implemented bank-wide early next year.

KYC & CDD

India Sets Deadline for KYC Uploads to Central Server

By Samuel Riding | 11/11/2016

Funds have until end of March to comply with SEBI requirement.

Anti-Money Laundering

HK SFC Forms Specialist Teams for Key Risk Areas

By Samuel Riding | 10/11/2016

Temporary teams will cover IPO misconduct, misconduct on GEM; AML/KYC, and mis-selling.

KYC & CDD

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

By Samuel Riding | 02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.

KYC & CDD

Indonesia Tightens Forex Reporting Requirements

By Samuel Riding | 02/11/2016

Banks must detail purposes of outbound transfers of more than $100,000.

KYC & CDD

HK SFC Amends Account Opening Rules

By Samuel Riding | 25/10/2016

Regulator says Code of Conduct requirements are at par with international standards, adds some measures.