KYC & CDD

Structural Regulation

Taiwan Regulator to Ease Restrictions on Offshore Banking Units

By Editors | 18/03/2014

The Financial Supervisory Commission (FSC) is easing restrictions on the offshore banking units (OBUs) of Taiwanese lenders to boost the local asset management industry.

Anti-Money Laundering

India Securities Regulator Revises Anti-Money Laundering Norms

By Editors | 13/03/2014

The Securities and Exchange Board of India has revised its anti-money laundering/countering financing of terrorism (AML/CFT) norms, requiring intermediaries to carry out risk assessment of clients.

KYC & CDD

OECD Sets Global Standard for FATCA-Inspired Tax Information Exchange

By Editors | 19/02/2014

The Organization for Economic Cooperation and Development sets worldwide standard for tax information exchange among member countries.

Anti-Money Laundering

Asia Lags in Anti-Money Laundering Controls, KPMG Survey Says

By Editors | 13/02/2014

A study highlights inconsistency in the implementation of anti-money laundering controls amid widely promoted global approach.

KYC & CDD

Indian Regulator Issues Guidelines on Assessing Depository Participants

By Editors | 11/02/2014

The Securities and Exchange Board of India has called on depositories to keep a close watch on client information and their risk ratings as part of efforts to strengthen the securities market.

Anti-Money Laundering

Singapore Releases Report on Money Laundering and Terrorist Financing

By Editors | 13/01/2014

A Singapore government-wide National Risk Assessment (NRA) exercise over two years has found in many sectors a robust regime to combat money laundering and terrorist financing.

KYC & CDD

SWIFT Creates KYC Registry and Financial Crime Compliance Unit

By Editors | 07/01/2014

SWIFT announces the creation of a Know Your Customer (KYC) Registry for the collection and distribution of standard information required by banks as part of their due diligence process.

Anti-Money Laundering

Singapore Conducts Assessment of Money Laundering and Terrorist Financing

By Editors | 22/10/2013

Singapore has launched a comprehensive assessment of money laundering and terrorist financing risk in the country. A joint steering committee […]

Anti-Money Laundering

Many Hong Kong institutions not ready for FATCA

By Editors | 09/08/2013

Hong Kong’s banks should put to good use the recent decision by the U.S. Treasury to delay the implementation of the Foreign Account Tax Compliance Act (FATCA), said a local industry official.