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Singapore, UK Open Dialogue on Offshore RMB, Islamic Finance
By Editors | 02/02/2015
Singapore has opened discussions with the United Kingdom on deepening cooperation on financial regulatory reforms and market developments on offshore renminbi (RMB), infrastructure funding, Islamic finance, insurance, and asset management.
Securities / Derivatives
Singapore Tightens Rules Against Money Laundering and Terrorist Financing
By Editors | 19/07/2014
The Monetary Authority of Singapore is requiring banks and other financial institutions to perform a risk assessment on money laundering and terrorist financing at a wider institutional level, beyond the assessment of individual customers.
Australian Banks Seek to Widen Money Laundering Net
By Editors | 03/04/2014
Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.
Indonesia, Pakistan, Myanmar on FATF’s Gray List
By Editors | 24/02/2014
The Financial Action Task Force, the international body for setting global standards for combating money laundering and terrorist financing, kept the Asian countries on its gray list.
Basel Committee Issues Anti-Money Laundering Risk Guidelines
By Editors | 16/01/2014
Prudent management of these risks together with effective supervisory oversight is critical in protecting the safety and soundness of banks.
Securities / Derivatives
FATF Identify AML/CFT Risk Countries
By Editors | 25/10/2013
The Financial Action Task Force (FATF) has issued a statement highlighting jurisdictions that have strategic deficiencies that pose a risk […]
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