All posts tagged "Account Opening"
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98EnforcementHong Kong: Ex-Dah Sing Bank Manager Jailed for Fraud
The former financial planning manager told a client he was required to buy an insurance policy before he could open a corporate bank account.
June 16, 2021 -
255AML / KYCChinese Regulators Issues Draft Rules for Wealth Connect Scheme
A 150bn yuan ceiling is proposed as the trading quota for the new scheme, with a 1mn yuan individual limit. A launch date has not yet been set.
May 10, 2021 -
158AML / KYCThailand to Tighten Crypto Exchange Account Opening Rules
Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.
May 6, 2021 -
280AML / KYCSEC Thailand Allows Crypto Exchange Bitkub to Resume Services
Bitkub has been allowed to resume accepting new clients. A warning was issued against Binance. Huobi was ordered to suspend services.
April 12, 2021 -
408AML / KYCHK, China Working to Simplify Cross-border Account Opening
Regulators are reportedly working to simplify cross-border bank account opening processes to facilitate the launch of Wealth Management Connect.
March 16, 2021 -
260AML / KYC
Thailand to Launch Standard Form for Capital Market Access
From 1 July, all intermediaries will use a standard form for account opening, providing investors easier access to stocks, debt instruments, mutual funds and derivatives.
March 13, 2021 -
318AML / KYCTravel Restrictions Holding Up Wealth Management Connect
PBOC official Bai Hexiang said the Wealth Management Connect scheme can be implemented once people can travel freely between Hong Kong, Macau and the mainland.
March 11, 2021 -
181AML / KYCHK Bourse Offers Guidance on Compliance with BCAN Requirements
Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.
March 9, 2021 -
112AML / KYCBangladesh Launches Online Account Opening for Stock Investors
The new system will reduce the time it takes for investors to open an account and minimise the number of accounts opened using fake information, BSEC said.
February 17, 2021 -
525Asia-PacificSri Lanka to Complete Phase 2 Digitalisation of CSE in December
Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.
November 16, 2020
