Financial Crime

KYC & CDD

Fenergo, Markit and kyc.com Ink Strategic Deal

By Samuel Riding | 14/01/2016

Companies to work on integration of counterparty manager, client lifecycle and data management solutions.

Credit Risk

China Banks Asked to Reduce Product Yields

By Samuel Riding | 13/01/2016

Regulator and bond clearinghouse ask commercial banks to reduce yields on wealth management products.

Anti-Money Laundering

Pakistan Multiplies AML/CTF Efforts

By Samuel Riding | 08/01/2016

State bank fines increase more than 10-fold with 121 accounts shut down after government directions on AML/CTF.

KYC & CDD

RBI to Share KYC, AML Reports with Intelligence Bureau

By Samuel Riding | 08/01/2016

India’s central bank succumbs to pressure to share information on bank KYC, AML evaluations.

KYC & CDD

India Strengthens Mutual Fund KYC Requirements

By Samuel Riding | 05/01/2016

Existing investors must provide additional KYC information and confirm compliance with Foreign Account Tax Compliance Act.

Credit Risk

India to Tighten Credit Cooperative Rules

By Samuel Riding | 04/01/2016

Cooperatives that fail to repay investors or violate other regulations will be penalised.

KYC & CDD

PBOC Allows Remote Account Opening

By Samuel Riding | 30/12/2015

Central bank notification to encourage innovation by commercial banks, shift competition online.

Trading & Investment

Regulations 2015 – Don’t Look Back

By Peter Guy | 29/12/2015

Financial regulations were as unstable as global markets in 2015. Here are the highlights.

Anti-Money Laundering

KYC Reporting Burden the Top APAC Worry for 2016

By Samuel Riding | 21/12/2015

Wolters Kluwer survey finds ever-more-extensive reporting obligations are the top concern among FIs for the coming year.