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KYC & CDD
Vietnamese Bank Joins SWIFT’s KYC Registry
By Editors | 21/07/2015
SWIFT has announced that Vietnam Bank for Agriculture and Rural Development has joined the Know Your Customer Registry.
Structural Regulation
China Announces Guidelines for Internet Finance
By Editors | 21/07/2015
China has issued stricter guidelines to regulate Internet finance, calling for enhanced supervision of the sector while also pledging to support its development.
Anti-Money Laundering
Singapore Regulator Reiterates Commitment Against Money Laundering and Terrorism Financing
By Editors | 20/07/2015
The Monetary Authority of Singapore has outlined Singapore’s anti-money laundering regime, reiterating its commitment to safeguarding its financial system.
Structural Regulation
China Targets Trading Platforms to Curb Unauthorised Margin Lending Channels
By Editors | 20/07/2015
The China Securities Regulatory Commission is tightening oversight of the widely-used HOMS trading platform, which is seen to have facilitated stock investors borrowing money outside approved margin lending channels and aiding recent wild fluctuations on the A-share market.
Anti-Money Laundering
Australia and Bangladesh Sign Information Exchange Deal
By Editors | 17/07/2015
Australia has signed a memorandum of understanding with Bangladesh establishing a framework for the exchange of financial intelligence related to money laundering and terrorism financing and other serious offences.
Anti-Money Laundering
Philippines and United States Sign FATCA Agreement
By Editors | 17/07/2015
The Philippines has signed a reciprocal intergovernmental agreement with the United States to implement provisions of the Foreign Account Tax Compliance Act (FATCA).
Market Abuse
China Cracks Down on Grey Market Margin Lending
By Editors | 16/07/2015
The China Securities Regulatory Commission has increased scrutiny of peer-to-peer lenders, which have been operating outside of approved margin lending channels.
Cybersecurity
China to Release New Regulations on Internet Finance
By Editors | 15/07/2015
The People’s Bank of China will soon release new regulations to regulate Internet finance and promote its healthy development.
KYC & CDD
India Banks to Use Credit Bureaus for KYC Checks
By Editors | 14/07/2015
Indian Banks have started to use credit bureaus to perform identity and background checks as part of their KYC procedures.
Anti-Money Laundering
Vietnam Targets International Risk Management Standards for Banks
By Editors | 12/07/2015
Vietnam’s banking sector is looking to meet standards for operational risk management and anti-money laundering in line with international practices.
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