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News on regulatory requirements, innovations, and challenges in customer identification, risk assessments, and due diligence processes for financial institutions.
KYC & CDD
New Zealand Banks Balk at Global Initiative Similar to FATCA
By Editors | 23/09/2014
New Zealand could be an early adopter of the multilateral follow-up to the controversial United States Foreign Account Tax Compliance Act (FATCA), but local banks are raising concern about the readiness of the sector for such initiative.
KYC & CDD
Singapore Consults on New FATCA Compliance Rules
By Editors | 21/09/2014
Singapore authorities are seeking industry views on new regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act.
KYC & CDD
Risk Management Technology Vendors Must Respond to Changing Regulations
By Peter Guy | 10/09/2014
Matthew Stauffer, CEO of Clarient Global, shares his ideas about evolving client and regulatory requirements.
KYC & CDD
Regulatory Pressures Drive Demand for Client Management Solutions in Asia Pacific
By Editors | 08/09/2014
In a sign of an increasing regulatory pressure for financial institutions in Asia Pacific, regulatory onboarding, entity data and client lifecycle management solutions provider Fenergo is expanding in the region.
KYC & CDD
KYC – Reduce the Complexity, Improve the Quality & Lower the Cost of Compliance
By Editors | 04/09/2014
Globally, regulators are evolving their Know Your Customer (KYC) and Anti-Money Laundering (AML) policies for doing business in their jurisdictions to increasingly stringent standards.
KYC & CDD
India Plans to Offer Bank Accounts to Households
By Editors | 30/08/2014
India’s state-owned banks are conducting a massive campaign to open millions of accounts for poor Indians who are off the financial grid and vulnerable to black market money lenders.
Anti-Money Laundering
Leveraging Technology for Compliance and Performance
By Editors | 19/08/2014
Accuity CEO Hugh Jones describes how advanced systems are revolutionising banks’ ability to meet regulations.
Conduct, Culture & Accountability
HSBC Challenged by Rising Cost of Compliance
By Peter Guy | 06/08/2014
The future of banking will be entirely driven by regulation and managed by compliance officers.
KYC & CDD
DTCC to Launch Client Data, Documentation Hub
By Editors | 01/08/2014
The Depository Trust & Clearing Corporation, the world’s largest post-trade services provider, announced the establishment of the client data and documentation solution Clarient Entity Hub, which is designed to provide increased controls, standardization and transparency in managing client information.
KYC & CDD
FATCA Implementation Stalled by Complexity
By Peter Guy | 28/07/2014
Asian institutions still struggling with compliance systems even as law takes effect.
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