KYC & CDD

Fraud, Scams & Cybercrime

China Issues Draft Rules Promising Strict Penalties for Fraudsters

By Editors | 16/11/2023

Individuals who commit fraud can have their bank accounts and communication services suspended, and their offences included in the national financial credit information base.

KYC & CDD

Fenergo Awarded Best KYC, CDD & Onboarding Solution

By Editors | 16/11/2023

Fenergo was recognised for Fenergo KYC, which judges said was “comprehensive, highly configurable, and can be easily integrated into existing workflows”.

KYC & CDD

Fenergo Awarded Best Client Lifecycle Management Solution 

By Editors | 16/11/2023

Fenergo was recognised for its SaaS platform that enables financial institutions to digitally manage the end-to-end client onboarding and lifecycle experience.

KYC & CDD

Cash, Digital Wallets and Financial Services for “The Next Billion”

By Jill Wong | 15/11/2023

Sophistication is key but basic solutions are also needed before “the next billion” of digital banking customers can enter the gates.

Anti-Money Laundering

SFC Issues Updated AML/CFT Self-Assessment Checklist

By Editors | 15/11/2023

The updated checklist incorporates the May revisions to the SFC’s existing AML/CFT guideline, including to apply additional questions on virtual asset activities.

KYC & CDD

Regulation Asia Awards for Excellence 2023 – Results Announcement

By Editors | 15/11/2023

Regulation Asia held its sixth annual Awards ceremony on 14 November 2023. Here we explain our methodology and announce the winners for the year.

PEPs & Sanctions

LSEG Awarded Best PEPs, Sanctions & Name Screening Solution 

By Editors | 14/11/2023

LSEG was recognised for World-Check One, which has been used for screening, due diligence and financial crime risk management for more than two decades.

PEPs & Sanctions

Aereve Recognised as Rising Star for Sanctions & Name Screening Solution 

By Editors | 14/11/2023

Aereve was recognised for its ability to handle both Romanised and native Chinese characters in screening

Anti-Money Laundering

US Fed Probing Morgan Stanley AML Controls – Report

By Editors | 12/11/2023

The Fed is reported to be assessing whether Morgan Stanley has sufficient controls in place to prevent wealthy foreign customers from laundering money.