Financial Action Task Force

AML / KYC

FATF Commends China, Sri Lanka; Watchlists Cambodia

By Manesh Samtani | 26/02/2019

The Financial Action Task Force has marked the end of its fourth round of mutual evaluations with an announcement of its latest plenary session last week.

AML / KYC

AML Beyond Banking: The Increasing Scope of Global AML Regulation

By Claus Christensen | 20/02/2019

Increased transparency in the banking sector has made other avenues for money laundering gain greater prominence, writes Claus Christensen at Know Your Customer Ltd.

Capital / Liquidity

India Liberalises Framework for Overseas Borrowing

By Editors | 17/01/2019

Eligible domestic borrowers can borrow up to $750mn per year in foreign currency or rupees from any entity in a country which is FATF or IOSCO compliant.

AML / KYC

Taiwan to Ease AML Requirements for Low Risk Clients

By Editors | 03/01/2019

The majority of banks’ clients pose low money laundering risks, and should not be subject to the same level of scrutiny as high risk clients, said FSC chairman Wellington Koo.

AML / KYC

Human Trafficking and AML: 2019 Could Be a Turning Point for Asian Banks

By Nick Turner | 03/01/2019

Banks will need to adapt existing AML programmes to include new monitoring scenarios and train staff to recognise human trafficking red flags, says Nick Turner at Clifford Chance.

AML / KYC

G20 Nations Commit to Regulating Cryptocurrencies

By Editors | 06/12/2018

G20 nations have signed a joint declaration calling for regulation of crypto assets to combat money laundering and terrorist financing.

AML / KYC

South Korean Banks Vulnerable to Money Laundering Risks: FSC

By Editors | 29/11/2018

Banks are most exposed to money laundering risks due to the innate characteristics of their products and services, according to an FSC review of the domestic financial industry.

AML / KYC

Overcoming the Challenges of Cross-Jurisdictional Customer Onboarding

By Claus Christensen | 28/11/2018

A digital-first approach to customer onboarding can protect companies from internal delays, customer dissatisfaction, hefty regulatory fines and reputational risk, says Claus Christensen.

AML / KYC

Taiwan’s Progress Impresses APG, Despite Some Shortcomings

By Manesh Samtani | 19/11/2018

The APG was reportedly impressed by Taiwan’s performance during its third round of mutual evaluations, which concluded last week.