All posts tagged "Account Opening"
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512ChinaChina Issues Foundational Rules to Connect Bond Markets
Participants will be able to access the interbank and exchange-traded bond markets without having to open separate accounts.
January 25, 2022 -
495FeatureThai Stock Exchange Unveils Three-Year Strategic Plan
The SET will launch a new exchange for fundraising by SMEs and startups within in Q1, and a new digital asset exchange in Q3.
January 14, 2022 -
443AML / KYCCBIRC Directs Banks to Ease Account Opening for Small Businesses
Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
January 6, 2022 -
279AML / KYCSFC Fines Mason Securities for AML Breaches
In deciding the disciplinary sanction, the SFC took into account the "extensive period of time" over which the failures occurred.
December 17, 2021 -
909ChinaWealth Connect to be Refined, Expanded Over Time: HKMA
Account opening by attestation is expected to be piloted for the WMC's Northbound scheme, allowing Hong Kong investors to participate without having to travel.
December 2, 2021 -
231Asia-PacificTax Incentives Prompt Raft of IPO Listings in Sri Lanka
Companies will be able to maintain a reduced corporate tax rate for three years after listing. The CSE's listing framework was also revamped earlier this year.
November 28, 2021 -
355AML / KYCJapan to Require Companies to Disclose Major Shareholders
Banks will be able to ask companies to submit information about their major shareholders when opening accounts or making loans.
November 3, 2021 -
229AML / KYCPBOC Issues Guidance on Risk-based Account Opening
Banks are required to establish a classification and hierarchical management system for SME bank accounts by the end of the year to ensure proper risk control.
October 26, 2021 -
287AML / KYCNew Zealand Consults on Broad Changes to AML/CFT Act
Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021 -
216AML / KYCPBOC Directs Banks to Offer ‘Simple’ Account Opening
Banks are asked to relax documentary requirements and provide simple personal account opening services, making use of external data to verify customer identities.
October 4, 2021
