KYC & CDD

KYC & CDD

Hong Kong Refines Information Exchange Proposal

By Editors | 14/10/2015

Hong Kong’s Government will refine the legislative proposals for implementing the new international standard on Automatic Exchange of Financial Account Information in Tax Matters.

Trade Based Money Laundering

China Systems and Accuity Partner on Trade Finance and Supply Chain Solution

By Editors | 13/10/2015

80% of firms cite compliance and regulatory issues a “chief” obstacle to trade finance.

KYC & CDD

Institutional Banks Struggle with Cross-Border Compliance and Entity Data Management

By Editors | 08/10/2015

New research by Fenergo and Aite Group has found that institutional banks are struggling to manage regulatory compliance and entity data management obligations across multiple jurisdictions.

KYC & CDD

CPMI Consults on Correspondent Banking Recommendations

By Editors | 07/10/2015

Consultative report on correspondent banking to include reviewing KYC utilities, use of LEI and information sharing.

Anti-Money Laundering

Myanmar Central Bank Releases AML/CTF Guidelines

By Editors | 05/10/2015

The Central Bank of Myanmar has published risk management guidelines for anti-money laundering and counter terrorist financing at financial institutions.

KYC & CDD

Compliance a Key Barrier to Trade Finance, says ICC Report

By Editors | 01/10/2015

Results from global survey highlights impact of regulation on trade finance.

Structural Regulation

Regulators Taking Closer Look at Supervising Technology, says HSBC

By Editors | 21/09/2015

Regulators have been looking more closely at whether technology companies providing financial services should be supervised more heavily like banks, says HSBC chairman.

Anti-Money Laundering

China Cracks Down on ‘Suspicious’ Forex Transactions

By Editors | 10/09/2015

The State Administration of Foreign Exchange has asked banks to manage forex transactions to identify suspicious cross-border fund transfers in a bid to ease pressure on capital outflows.

Anti-Money Laundering

Indonesia to Adopt Global Standard for Tax Information Exchange

By Editors | 09/09/2015

Indonesia’s government is looking to adopt global standards for the automatic exchange of financial information in 2017, in a bid to address tax revenue issues.