KYC & CDD

Cybersecurity

LSEG’s World-Check Data Breached by Hackers – Reports

By Mark Johnston | 24/04/2024

Hackers claim they have stolen data from LSEG’s World-Check database and have threatened to release records.

Anti-Money Laundering

Commerzbank Fined in Germany for AML Violations

By Mark Johnston | 24/04/2024

BaFin said Commerzbank was slow to update customer data and inadequately applied enhanced due diligence requirements.

KYC & CDD

UK Launches Global Initiative to Enhance Corporate Transparency

By Mark Johnston | 18/04/2024

The UK government has announced a global call to action for increased transparency in company ownership.

Anti-Money Laundering

China Set to Consider Draft Revision to AML Law

By Editors | 18/04/2024

The revision will expand the scope of money laundering predicate crimes, raise the penalties for offences, and expand the scope of the law to cover more non-bank entities.

Payments & Settlements

RBI Proposes New Regulations for Payment Aggregators

By Ajoy K Das | 18/04/2024

The proposed regulations stipulate new net worth requirements for payment aggregators facilitating face-to-face transactions.

KYC & CDD

BNM Finalises Policy Requirements for Electronic KYC

By Mark Johnston | 17/04/2024

The policy document sets revised requirements and guidance for implementing e-KYC solutions in Malaysia’s financial sector.

Cloud & Infrastructure

GLEIF Announces First European-based vLEI Issuer

By Editors | 17/04/2024

The vLEI is the cryptographically secure digital counterpart of a conventional LEI that can be used to automate business process.

KYC & CDD

Multiple US Regulators Probing Morgan Stanley’s Wealth Arm – Report

By Nithya Subramanian | 16/04/2024

US regulators are assessing whether the bank has sufficiently investigated the identities of clients and their sources of wealth.

Fraud, Scams & Cybercrime

AI Deepfakes: An Insidious Threat and Real Challenge for FIs

By Nithya Subramanian | 11/04/2024

As regulators in Asia-Pacific take a range of approaches to tackle deepfakes, the evolving nature of this threat requires continuous vigilance and proactive measures from FIs.