All posts tagged "Account Opening"
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210ChinaGreater Bay Wealth Connect Launch Imminent
An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China's Golden Week holiday.
September 8, 2021 -
159AML / KYCSFC Suspends Former Emperor Representative for 2 Years
The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.
September 1, 2021 -
113MalaysiaBursa Allows Investors to Subscribe for Rights Issues Electronically
A new eRights service has been introduced on the Bursa Anywhere mobile app, allowing investors to apply and make payment for rights issues electronically.
July 16, 2021 -
504AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021 -
189AML / KYCPBOC Directs Banks & Alipay to Stamp Out Crypto Activity
Financial institutions are asked to identify the capital accounts of crypto exchanges and OTC dealers, and cut off their payment channels.
June 23, 2021 -
212EnforcementHong 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 -
379AML / KYC
Chinese 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 -
231AML / 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 -
388AML / 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 -
443AML / 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
