PBOC Tripled AML Penalties in 2020 Compared to 2019 By Editors, Regulation Asia Published on 14th January 2021 Failures to perform customer identification and to report lar-value and suspicious transactions were the most frequent reason for the penalties.To continue reading... Sign in Password * Remember me Lost your password? Get access Get access immediately by purchasing a 12 month subscription, or register today to get access to a free 5-article trial: Register Subscribe To discuss subscription options with our team please email: [email protected] Related:AML, customer identification, featured, PBOC, PwC, STRs, suspicious transaction reports, Transaction Reporting Recommended for you GRI Updates Disclosure Standards to Align with SDGs NAFMII Punishes Bond Underwriters Over SOE Default HKMA Publishes Cases Studies on AML/CFT Regtech Adoption