KYC & CDD

KYC & CDD

High Level of Compliance with New Philippines Securities Rules

By Samuel Riding | 21/02/2016

Regulator says 88 of 133 firms meet new regulations despite objections from brokers and dealers association.

KYC & CDD

KYC.com Launches Service in HK, Singapore

By Samuel Riding | 19/02/2016

HSBC, Morgan Stanley among banks using KYC data, documentation platform.

KYC & CDD

Correspondent Banking KYCC ‘Impossible’ in HK, Singapore – Thomson Reuters

By Samuel Riding | 27/01/2016

Both jurisdictions said unlikely to implement FATF recommendations before the end of this decade.

Anti-Money Laundering

Trade Finance De-risking Could Face Legal Challenge – Thomson Reuters

By Samuel Riding | 27/01/2016

Anti-discrimination cases could be brought against banks using AML as ‘excuse’ to stop dealing with certain sectors, report says.

KYC & CDD

Fenergo, Markit and kyc.com Ink Strategic Deal

By Samuel Riding | 14/01/2016

Companies to work on integration of counterparty manager, client lifecycle and data management solutions.

KYC & CDD

RBI to Share KYC, AML Reports with Intelligence Bureau

By Samuel Riding | 08/01/2016

India’s central bank succumbs to pressure to share information on bank KYC, AML evaluations.

KYC & CDD

India Strengthens Mutual Fund KYC Requirements

By Samuel Riding | 05/01/2016

Existing investors must provide additional KYC information and confirm compliance with Foreign Account Tax Compliance Act.

KYC & CDD

PBOC Allows Remote Account Opening

By Samuel Riding | 30/12/2015

Central bank notification to encourage innovation by commercial banks, shift competition online.

Anti-Money Laundering

KYC Reporting Burden the Top APAC Worry for 2016

By Samuel Riding | 21/12/2015

Wolters Kluwer survey finds ever-more-extensive reporting obligations are the top concern among FIs for the coming year.