Philippines

Uncategorised

Basel III – Tailoring a One Size Fits All Approach

By Samuel Riding | 10/11/2016

Emerging Asia’s adherence to international rules may not be the answer for challenges such as boosting financial inclusion.

Big Picture

The Big Picture – ‘Chiz’ Escudero, Chair of Philippines Senate Banking Committee

By Samuel Riding | 08/11/2016

Campaigning Senator talks Basel III, banking secrecy and more.

AML / KYC

Bangladesh to Get $15mn of Heist Money Back This Week

By Samuel Riding | 07/11/2016

A further $30mn which found its way to a casino’s accounts is expected to follow.

AML / KYC

HK FIs Exclude Up to 25% of Potential Customers Due to Compliance

By Samuel Riding | 02/11/2016

Lexis Nexis survey suggests KYC data sharing could help institutions’ meet financial inclusion goals.

AML / KYC

Philippines Tightens Rules on Inactive Deposit Accounts

By Samuel Riding | 27/10/2016

Accounts having no transaction within a five-year period are considered dormant

AML / KYC

HK SFC Amends Account Opening Rules

By Samuel Riding | 25/10/2016

Regulator says Code of Conduct requirements are at par with international standards, adds some measures.

AML / KYC

Philippine Regulator Mulls Interest Rate Cap

By Samuel Riding | 24/10/2016

Informal lenders must define “reasonable” interest rates for consumers

AML / KYC

Philippines Proposes New Money Service Rules

By Samuel Riding | 26/09/2016

Draft rules require ‘money service businesses’ to register with BSP; raises concern about hindering remittance flows

AML / KYC

BSP Ordered to Return $15mn to Bangladesh

By Samuel Riding | 20/09/2016

Bangladesh seeking to recover another USD2.7 million frozen by Philippines’ casino regulator.