All posts tagged "Account Opening"
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117AML / KYCMyanmar: YSX, Securities Firms Directed to Enhance AML Controls
The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.
May 25, 2020 -
2.3KAML / KYCDigital Identification in a Post-COVID World
Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.
April 28, 2020 -
1.3KAML / KYCHKMA Encourages Remote Onboarding to Manage Covid-19 Challenges
AIs and SVF licensees are encouraged to continue the provide the public convenient account opening and access to banking and payment services.
April 8, 2020 -
671FeatureXiaomi-backed Virtual Bank Launches Hong Kong Pilot
The pilot will allow 2,000 friends and relatives of Airstar, Xiaomi and AMTD Group employees to trial new virtual banking services under the HKMA's sandbox.
April 1, 2020 -
556FeatureZA Bank Announces Launch as Hong Kong’s First Virtual Bank
ZA Bank - backed by mainland insurer ZhongAn Online P&C Insurance and Sinolink Group - won one of the first approvals to set up a virtual bank in March last year.
March 26, 2020 -
508Asia-PacificThailand SEC Sets Out Three Year Strategic Plan for Capital Market
The strategic plan includes greater integration of ESG factors in the market, enhancing SME and startup access to capital, promoting the use of digital and e-KYC technologies, among others.
February 28, 2020 -
435IndiaIndia Streamlines FPI Registration Process
The new 'Common Application Form' can be used for three purposes - FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.
February 5, 2020 -
877AML / KYCBangladesh Introduces e-KYC for All Financial Services Firms
All financial institutions regulated by Bangladesh Bank are expected to introduce e-KYC in compliance with the new guideline by December 2020.
January 14, 2020 -
331AML / KYCFSC Korea Enables Online Account Opening for Foreigners
The FSC will allow non-face-to-face account opening by foreigners residing in Korea, and by legal representatives of corporations.
December 24, 2019 -
841AML / KYCBCBS Updates AML/CFT Guidance for Correspondent Banking
The revisions update the list of risk indicators banks should use to conduct risk assessments and specify conditions for using KYC utilities for obtaining customer information.
November 11, 2019
